SPDR GOLD MINISHARES TRUST (GLDM) Technical Analysis
NYSEARCA:GLDM • US98149E3036
Current stock price
GLDM Technical Rating and Analysis
Taking everything into account, GLDM scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, GLDM did better than 79% of all other stocks. On top of that, GLDM also shows a nice and consistent pattern of rising prices.
- GLDM has an average volume of 11339500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GLDM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GLDM is lagging the market.
- In the last month GLDM has a been trading in the 86.09 - 101.25 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.
GLDM Weekly and Daily overview Charts
GLDM Setup Rating and Analysis
GLDM has only a medium 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.
More info and screens
GLDM Support and Resistance Analysis
84.36
We found 3 important support areas.
- A support zone ranging from 92.49 to 93.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.99 from a trend line in the weekly time frame.
- A support zone ranging from 85.21 to 89.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 106.77 to 106.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
GLDM 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 GLDM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLDM is neutral. |
| ChartMill Relative Strength | 79.79 | POSITIVE | GLDM has a high relative strength, it outperformed 79.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLDM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLDM is below a declining 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) | 50.07 | NEUTRAL | The RSI value for GLDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests GLDM has a positive trend. |
| Stochastics (14,3) | 90.05 | OVERBOUGHT | The high Stochastics value suggests GLDM may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for GLDM suggests a weak or negative trend. |
GLDM Chart- and CandleStick Pattern Analysis
GLDM 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 |
|---|---|---|---|
| 95.00 | 92.48 | 2.52 (2.65%) | 25.00% |
| An entry @95.00. This is a Buy Stop order right above the 10 day high. | An exit @92.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.52 points, which is 2.65%. | For a 0.66% 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 GLDM. 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.
GLDM Technicals: Chart, Performance Metrics, Trend & Indicators
94.21
-0.17 (-0.18%)
SPDR GOLD MINISHARES TRUST / GLDM TA FAQ
What is the ChartMill technical rating of SPDR GOLD MINISHARES TRUST (GLDM) stock?
ChartMill assigns a technical rating of 6 / 10 to GLDM.
What is the current trend direction of SPDR GOLD MINISHARES TRUST (GLDM) stock?
The current trend direction for SPDR GOLD MINISHARES TRUST (GLDM) is Bullish.
What is the RSI signal for GLDM stock?
SPDR GOLD MINISHARES TRUST (GLDM) has an RSI value of 50.0729. This indicates that the stock is currently neutral.
What is the short term momentum for SPDR GOLD MINISHARES TRUST (GLDM) stock?
The short term momentum for SPDR GOLD MINISHARES TRUST (GLDM) is neutral.
Can you provide the support and resistance levels for SPDR GOLD MINISHARES TRUST?
SPDR GOLD MINISHARES TRUST (GLDM) has a support level at 93.81 and a resistance level at 106.77. Check the full technical report for our detailed analysis of GLDM support and resistance levels.