SPDR GOLD MINISHARES TRUST (GLDM) Stock Technical Analysis
NYSEARCA:GLDM - NYSE Arca - US98149E3036 - ETF - Currency: USD
Overall GLDM 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, GLDM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GLDM is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by GLDM over the past year are nicely spread over this period.
GLDM 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 GLDM is leading the market.
In the last month GLDM has a been trading in the 62.70 - 67.08 range, which is quite wide. It is currently trading near the high of this range.
GLDM has an average volume of 4937720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GLDM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 65.26, a Stop Loss order could be placed below this zone.
More info and screens
53.79
68.50
3 important support areas can be observed.
- A support zone ranging from 63.00 to 65.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.90 from a trend line in the weekly time frame.
- Support @54.33 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 66.05 to 66.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 67.82 to 67.82. 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 GLDM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLDM is up. |
| ChartMill Relative Strength | 89.9 | POSITIVE | GLDM has a high relative strength, it outperformed 89.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLDM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLDM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.41 | NEUTRAL | The RSI value for GLDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GLDM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.05 | NEUTRAL | The Stochastics value for GLDM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for GLDM suggests low volalility. |
| Average Directional Index/ADX (14) | 14.04 | NEGATIVE | The low ADX value for GLDM 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 |
|---|---|---|---|
| 66.58 | 64.78 | 1.80 (2.70%) | 25.00% |
| An entry @66.58. This is a Buy Stop order right above the resistance zone. | An exit @64.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.80 points, which is 2.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- 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.
65.59
-0.89 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.34%
1 Week0.54%
2 Weeks0.68%
1 Month0.17%
3 Month13.77%
6 Month25.77%
12 Month44.6%
2 Year72.2%
3 Year82.8%
5 Year84.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%1.62%
ATR Inc-7.79%
Range Today0.87
ADR(20)0.64
ADR(20)%0.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.9
Mansfield1.42
10 Day High67.08
10 Day Low64.79
20 Day High67.08
20 Day Low62.7
52 Week High68.23
52 Week Low45.47
CS1 End65.26
CR1 Start66.05
Volume & EV
DER(3)-8.83%
DER(5)-6.23%
Volume4.19M
Volume Incr11.87%
Vol(5)4.20M
Vol(50)4.94M