SPDR GOLD SHARES (GLD) Stock Technical Analysis
NYSEARCA:GLD - NYSE Arca - US78463V1070 - ETF - Currency: USD
Taking everything into account, GLD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLD is showing a nice and steady performance.
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 GLD is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by GLD over the past year are nicely spread over this period.
GLD 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 GLD is leading the market.
In the last month GLD has a been trading in the 291.78 - 315.62 range, which is quite wide. It is currently trading near the high of this range.
GLD has an average volume of 13127300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GLD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 315.59. Right above this resistance zone may be a good entry point.
More info and screens
238.64
318.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 290.99 to 294.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 266.04 to 267.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @251.81 from a trend line in the daily time frame.
- Support @241.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 315.59 to 315.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The short term trend for GLD is up. |
| ChartMill Relative Strength | 92.24 | POSITIVE | GLD has a high relative strength, it outperformed 92.24% 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) | 57.97 | NEUTRAL | The RSI value for GLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests GLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.6 | NEUTRAL | The Stochastics value for GLD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for GLD suggests low volalility. |
| Average Directional Index/ADX (14) | 15.98 | 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 |
|---|---|---|---|
| 315.61 | 291.77 | 23.84 (7.55%) | 13.24% |
| An entry @315.61. This is a Buy Stop order right above the resistance zone. | An exit @291.77. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 23.84 points, which is 7.55%. | For a 1.00% total portfolio risk, you can invest 13.24% of your capital in this trade. |
- 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.
309.75
+6.64 (+2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.19%
1 Week5.27%
2 Weeks0.95%
1 Month1.65%
3 Month14.41%
6 Month23.98%
12 Month43.46%
2 Year69.89%
3 Year80.99%
5 Year90.14%
10 Year171.47%
15 Year160.56%
Volatility
ATR(14)5.78
ATR(20)%1.88%
ATR Inc-8.98%
Range Today2.78
ADR(20)3.51
ADR(20)%1.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.24
Mansfield2.09
10 Day High310.25
10 Day Low291.78
20 Day High315.62
20 Day Low291.78
52 Week High317.63
52 Week Low211.54
CS1 End294.79
CR1 Start315.59
Volume & EV
DER(3)-0.93%
DER(5)0.98%
Volume13.34M
Volume Incr-9.48%
Vol(5)11.99M
Vol(50)13.13M