GOLD BULLION SECURITIES LTD (GBS.MI) Stock Technical Analysis
BIT:GBS - Euronext Milan - GB00B00FHZ82 - ETF - Currency: EUR
Taking everything into account, GBS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GBS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, GBS 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 resistance zone just above the current price starting at 272.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 267.70, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
242.30
3 important support areas can be observed.
- A support zone ranging from 261.70 to 263.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @249.16 from a trend line in the daily time frame.
- Support @244.75 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 272.04 to 274.69. 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 GBS.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GBS.MI is up. |
| ChartMill Relative Strength | 84.36 | POSITIVE | GBS.MI has a high relative strength, it outperformed 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GBS.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GBS.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GBS.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.21 | NEUTRAL | The RSI value for GBS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GBS.MI has a negative trend. |
| Stochastics (14,3) | 67.7 | NEUTRAL | The Stochastics value for GBS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for GBS.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.23 | NEGATIVE | The low ADX value for GBS.MI 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 |
|---|---|---|---|
| 267.07 | 261.69 | 5.38 (2.01%) | 25.00% |
| An entry @267.07. This is a Buy Stop order right above the 10 day moving average. | An exit @261.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.38 points, which is 2.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of GBS. Please evaluate whether better entry and exit points can be found.
- 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.
BIT:GBS (5/30/2025, 7:00:00 PM)
265.69
-1.95 (-0.73%)