SPDR GOLD SHARES (GLD) Technical Analysis
NYSEARCA:GLD • US78463V1070
Current stock price
GLD Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to GLD. In the last year, GLD was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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!
- Looking at the yearly performance, GLD did better than 90% of all other stocks. We also observe that the gains produced by GLD over the past year are nicely spread over this period.
- GLD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GLD is performing more or less in line with the market.
- GLD has an average volume of 19285500 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 the 442.04 - 492.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GLD Weekly and Daily overview Charts
GLD Setup Rating and Analysis
Besides having an excellent technical rating, GLD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 460.42, a Stop Loss order could be placed below this zone.
More info and screens
GLD Support and Resistance Analysis
440.81
2 important support areas can be observed.
- A support zone ranging from 453.80 to 460.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 445.26 to 446.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 495.90 to 495.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for GLD is neutral. |
| ChartMill Relative Strength | 90.28 | POSITIVE | GLD has a high relative strength, it outperformed 90.28% 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) | 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) | 47.52 | NEUTRAL | The RSI value for GLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.96 | NEGATIVE | The MACD value suggests GLD has a negative trend. |
| Stochastics (14,3) | 41.26 | NEUTRAL | The Stochastics value for GLD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GLD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for GLD suggests a weak or negative trend. |
GLD Chart- and CandleStick Pattern Analysis
GLD Example Setup
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 |
|---|---|---|---|
| 469.45 | 456.90 | 12.55 (2.67%) | 25.00% |
| An entry @469.45. This is a Buy Stop order right above the 10 day moving average. | An exit @456.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.55 points, which is 2.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of GLD. Please evaluate whether better entry and exit points can be found.
- 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.
GLD Technicals: Chart, Performance Metrics, Trend & Indicators
460.43
-0.41 (-0.09%)
SPDR GOLD SHARES / GLD TA FAQ
What is the technical rating for GLD stock?
ChartMill assigns a technical rating of 9 / 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 GLD stock?
SPDR GOLD SHARES (GLD) has an RSI value of 47.5243. This indicates that the stock is currently neutral.
What is the MACD signal for GLD stock?
The MACD indicator for SPDR GOLD SHARES (GLD) has a value of -2.96395, indicating a bearish trend.