SPDR GOLD SHARES (GLD) Technical Analysis
NYSEARCA:GLD • US78463V1070
Current stock price
GLD Technical Rating and Analysis
Taking everything into account, GLD scores 6 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, we notice that GLD is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by GLD over the past year are nicely spread over this period.
- GLD has an average volume of 19654200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- GLD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLD is lagging the market slightly.
- In the last month GLD has a been trading in the 399.20 - 481.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLD Weekly and Daily overview Charts
GLD Setup Rating and Analysis
GLD has an average technical rating and the quality of the presented setup is also 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
GLD Support and Resistance Analysis
392.35
2 important support areas can be observed.
- A support zone ranging from 413.37 to 416.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 396.31 to 403.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 483.76 to 495.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
GLD Technical Indicator Signal Analysis
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 GLD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLD is down. |
| ChartMill Relative Strength | 82.75 | POSITIVE | GLD has a high relative strength, it outperformed 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.01 | NEUTRAL | The RSI value for GLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests GLD has a positive trend. |
| Stochastics (14,3) | 47.66 | NEUTRAL | The Stochastics value for GLD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for GLD suggests some volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for GLD suggests a strong trend. |
GLD Chart- and CandleStick Pattern Analysis
GLD Technicals: Chart, Performance Metrics, Trend & Indicators
429.41
-8.41 (-1.92%)
SPDR GOLD SHARES / GLD TA FAQ
What is the technical rating for GLD stock?
ChartMill assigns a technical rating of 6 / 10 to GLD.
What is the trend direction for GLD stock?
The current trend direction for SPDR GOLD SHARES (GLD) is Bullish.
What is the RSI signal for SPDR GOLD SHARES (GLD) stock?
SPDR GOLD SHARES (GLD) has an RSI value of 46.0135. This indicates that the stock is currently neutral.
What is the MACD signal for SPDR GOLD SHARES (GLD) stock?
The MACD indicator for SPDR GOLD SHARES (GLD) has a value of 0.239805, indicating a bearish trend.
Can you provide the support and resistance levels for SPDR GOLD SHARES?
SPDR GOLD SHARES (GLD) has a support level at 416.53 and a resistance level at 483.76. Check the full technical report for our detailed analysis of GLD support and resistance levels.