FRANKLIN RESP SOURCED GOLD (FGDL) Stock Technical Analysis
NYSEARCA:FGDL - NYSE Arca - US35473M1053 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to FGDL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, FGDL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 44.45, a Stop Loss order could be placed below this zone.
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40.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.03 to 44.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.84 to 45.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FGDL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FGDL is neutral. |
| ChartMill Relative Strength | 77.32 | POSITIVE | FGDL has a high relative strength, it outperformed 77.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FGDL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FGDL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FGDL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for FGDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FGDL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.39 | NEUTRAL | The Stochastics value for FGDL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for FGDL suggests low volalility. |
| Average Directional Index/ADX (14) | 8.53 | NEGATIVE | The low ADX value for FGDL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.01 | 43.72 | 1.29 (2.87%) | 25.00% |
| An entry @45.01. This is a Buy Stop order right above the 10 day high. | An exit @43.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.29 points, which is 2.87%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.615
-0.11 (-0.26%)