WISDOMTREE EFFICIENT GOLD PL (GDE) Stock Technical Analysis
USA - NYSEARCA:GDE - US97717Y5684 - ETF
55.19 USD
+0.82 (+1.51%)
55.2 USD
+0.01 (+0.02%)
We assign a technical rating of 10 out of 10 to GDE. Both in the recent history as in the last year, GDE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GDE is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, GDE also shows a nice and consistent pattern of rising prices.
GDE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GDE has a been trading in the 48.38 - 55.22 range, which is quite wide. It is currently trading near the high of this range.
Although GDE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
35.70
55.75
When analyzing the support we can see 6 important areas.
- A support zone ranging from 50.23 to 51.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.17 from a trend line in the daily time frame.
- A support zone ranging from 47.35 to 47.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.00 from a horizontal line in the daily time frame.
- Support @37.97 from a trend line in the weekly time frame.
- Support @36.06 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.20 to 55.20. 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 GDE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDE is up. |
| ChartMill Relative Strength | 85.07 | POSITIVE | GDE has a high relative strength, it outperformed 85.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.75 | OVERBOUGHT | The high RSI value suggests GDE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests GDE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.79 | OVERBOUGHT | The high Stochastics value suggests GDE may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for GDE suggests low volalility. |
| Average Directional Index/ADX (14) | 49 | POSITIVE | The high ADX value value for GDE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
55.19
+0.82 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.51%
1 Week1.81%
2 Weeks4.47%
1 Month14.36%
3 Month19.98%
6 Month37.34%
12 Month43.58%
2 Year138.91%
3 Year194.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%1.48%
ATR Inc-9.1%
Range Today0.81
ADR(20)0.78
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.07
Mansfield1.59
10 Day High55.22
10 Day Low52.9
20 Day High55.22
20 Day Low48.38
52 Week High55.22
52 Week Low34.39
CS1 End51.03
CR1 Start55.2
Volume & EV
DER(3)2.27%
DER(5)1.87%
Volume78.90K
Volume Incr20.67%
Vol(5)96.80K
Vol(50)93.35K