BETAPRO GOLD BULLION -2X DAI (GLDD.CA) Stock Technical Analysis
TSX:GLDD - Toronto Stock Exchange - CA08663T1158 - ETF - Currency: CAD
Taking everything into account, GLDD scores 1 out of 10 in our technical rating. In the last year, GLDD was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
GLDD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 15.78, a Stop Loss order could be placed below this zone.
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15.24
When analyzing the support we can see 2 important areas.
- Support @15.78 from a horizontal line in the daily time frame.
- A support zone ranging from 15.39 to 15.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.86 to 18.00. 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 GLDD.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLDD.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | GLDD.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLDD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLDD.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.69 | NEUTRAL | The RSI value for GLDD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests GLDD.CA has a positive trend. |
| Stochastics (14,3) | 56.11 | NEUTRAL | The Stochastics value for GLDD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for GLDD.CA suggests a weak or negative trend. |
TSX:GLDD (6/23/2025, 7:00:00 PM)
15.96
-0.1 (-0.62%)