WISDOMTREE EFFICIENT GOLD PL (GDE) Stock Technical Analysis
NYSEARCA:GDE - NYSE Arca - US97717Y5684 - ETF - Currency: USD
Overall GDE gets a technical rating of 10 out of 10. 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.
Looking at the yearly performance, GDE did better than 90% of all other stocks. On top of that, GDE also shows a nice and consistent pattern of rising prices.
GDE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GDE is leading the market.
GDE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, GDE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.22. Right above this resistance zone may be a good entry point.
More info and screens
34.80
45.78
When analyzing the support we can see 5 important areas.
- A support zone ranging from 43.99 to 45.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.81 to 42.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.74 from a trend line in the weekly time frame.
- A support zone ranging from 36.06 to 36.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.22 to 45.33. 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 | 90.54 | POSITIVE | GDE has a high relative strength, it outperformed 90.54% 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) | 62.42 | NEUTRAL | The RSI value for GDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.73 | NEUTRAL | The Stochastics value for GDE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for GDE suggests low volalility. |
| Average Directional Index/ADX (14) | 30.7 | 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)
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 |
|---|---|---|---|
| 45.34 | 43.98 | 1.36 (3.00%) | 25.00% |
| An entry @45.34. This is a Buy Stop order right above the resistance zone. | An exit @43.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.36 points, which is 3.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- 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.
45.21
+0.16 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.36%
1 Week1.23%
2 Weeks3.79%
1 Month4.77%
3 Month13.29%
6 Month17.59%
12 Month37.99%
2 Year86.14%
3 Year103.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%1.95%
ATR Inc0.05%
Range Today0.82
ADR(20)0.77
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.54
Mansfield1.34
10 Day High45.43
10 Day Low43.31
20 Day High45.43
20 Day Low41.69
52 Week High45.43
52 Week Low28.73
CS1 End45.2
CR1 Start45.22
Volume & EV
DER(3)2.08%
DER(5)1.63%
Volume27.00K
Volume Incr-23.11%
Vol(5)62.28K
Vol(50)53.05K