SPDR GOLD SHARES (GLD) Stock Technical Analysis
USA - NYSEARCA:GLD - US78463V1070 - ETF
Overall GLD gets a technical rating of 10 out of 10. 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.
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. There is very little resistance above the current price. There is a support zone below the current price at 368.11, a Stop Loss order could be placed below this zone.
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284.76
4 important support areas can be observed.
- A support zone ranging from 352.26 to 368.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @326.69 from a trend line in the daily time frame.
- A support zone ranging from 296.46 to 297.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @287.64 from a trend line in the weekly 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 | 89.43 | POSITIVE | GLD has a high relative strength, it outperformed 89.43% 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) | 51.39 | NEUTRAL | The RSI value for GLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.52 | NEGATIVE | The MACD value suggests GLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.02 | OVERSOLD | The low Stochastics value suggests GLD may be oversold. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GLD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.04 | NEUTRAL | The ADX value for GLD suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 371.60 | 360.11 | 11.49 (3.09%) | 25.00% |
| An entry @371.60. This is a Buy Stop order right above the 10 day high. | An exit @360.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.49 points, which is 3.09%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
368.31
+2.24 (+0.61%)
SPDR GOLD SHARES / GLD FAQ
What is the technical rating for GLD stock?
ChartMill assigns a technical rating of 10 / 10 to GLD.
What is the current trend direction of SPDR GOLD SHARES (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 51.3882. This indicates that the stock is currently neutral.
What is the short term momentum for GLD stock?
The short term momentum for SPDR GOLD SHARES (GLD) is positive.
Can you provide the support and resistance levels for SPDR GOLD SHARES?
SPDR GOLD SHARES (GLD) has a support level at 368.11. Check the full technical report for our detailed analysis of GLD support and resistance levels.