SPDR GOLD SHARES (GLD) Stock Technical Analysis
NYSEARCA:GLD - US78463V1070 - ETF
310.58 USD
+3.29 (+1.07%)
310.84 USD
+0.26 (+0.08%)
Overall GLD gets a technical rating of 8 out of 10. Both in the recent history as in the last year, GLD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GLD is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, GLD also shows a nice and consistent pattern of rising prices.
GLD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GLD has an average volume of 9259550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GLD has a been trading in a tight range between 300.95 and 313.53.
GLD has an excellent technical rating, but the quality of the setup is only medium 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
280.17
319.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 297.46 to 310.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @283.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 315.59 to 316.30. 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 GLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLD is neutral. |
| ChartMill Relative Strength | 77.03 | POSITIVE | GLD has a high relative strength, it outperformed 77.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLD is above the rising 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) | 54.35 | NEUTRAL | The RSI value for GLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests GLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.61 | NEUTRAL | The Stochastics value for GLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for GLD suggests low volalility. |
| Average Directional Index/ADX (14) | 8.08 | NEGATIVE | The low ADX value for GLD suggests a weak or negative 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 |
|---|---|---|---|
| 311.03 | 305.18 | 5.85 (1.88%) | 25.00% |
| An entry @311.03. This is a Buy Stop order right above the 10 day high. | An exit @305.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.85 points, which is 1.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- 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.
310.58
+3.29 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.07%
1 Week1.02%
2 Weeks-0.79%
1 Month1.03%
3 Month0.27%
6 Month14.72%
12 Month33.86%
2 Year72.53%
3 Year95%
5 Year68.04%
10 Year185.41%
15 Year154.41%
Volatility
ATR(14)2.52
ATR(20)%0.95%
ATR Inc7.67%
Range Today4.59
ADR(20)2.09
ADR(20)%0.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.03
Mansfield0.34
10 Day High311.02
10 Day Low305.19
20 Day High313.53
20 Day Low300.96
52 Week High317.63
52 Week Low228.52
CS1 End310.53
CR1 Start315.59
Volume & EV
DER(3)4.08%
DER(5)0.62%
Volume8.53M
Volume Incr-35.35%
Vol(5)6.21M
Vol(50)9.26M