SPDR GOLD MINISHARES TRUST (GLDM) Stock Technical Analysis
NYSEARCA:GLDM - US98149E3036 - ETF
72.12 USD
+0.25 (+0.35%)
71.85 USD
-0.27 (-0.37%)
Taking everything into account, GLDM scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GLDM did better than 82% of all other 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 however is also trading near new highs, which makes the performance in line with the market.
In the last month GLDM has a been trading in the 65.64 - 72.76 range, which is quite wide. It is currently trading near the high of this range.
GLDM has an average volume of 3208180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GLDM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
60.98
72.84
We found 3 important support areas.
- A support zone ranging from 67.09 to 68.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.92 to 65.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.60 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 GLDM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLDM is up. |
| ChartMill Relative Strength | 82.01 | POSITIVE | GLDM has a high relative strength, it outperformed 82.01% 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) | 77.58 | OVERBOUGHT | The high RSI value suggests GLDM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests GLDM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.85 | OVERBOUGHT | The high Stochastics value suggests GLDM may be overbought. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for GLDM suggests low volalility. |
| Average Directional Index/ADX (14) | 30.99 | POSITIVE | The high ADX value value for GLDM suggests a strong 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)
72.12
+0.25 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.35%
1 Week2.18%
2 Weeks7.45%
1 Month8.83%
3 Month6.11%
6 Month21.99%
12 Month40.89%
2 Year96.73%
3 Year118.68%
5 Year91.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%0.9%
ATR Inc1.92%
Range Today0.4
ADR(20)0.51
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.01
Mansfield0.94
10 Day High72.76
10 Day Low66.84
20 Day High72.76
20 Day Low65.64
52 Week High72.76
52 Week Low50.48
CS1 End68.24
CR1 StartN/A
Volume & EV
DER(3)-2.47%
DER(5)-2.63%
Volume3.46M
Volume Incr42.01%
Vol(5)4.17M
Vol(50)3.21M