PROSHARES ULTRASHORT GOLD (GLL) Technical Analysis
NYSEARCA:GLL • US74347Y6986
Current stock price
GLL Technical Rating and Analysis
Overall GLL gets a technical rating of 1 out of 10. GLL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, GLL is a bad performer in the overall market: 89% of all stocks are doing better.
- GLL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- GLL has an average volume of 6610100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GLL has a been trading in the 18.48 - 22.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLL Weekly and Daily overview Charts
GLL Setup Rating and Analysis
GLL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GLL Support and Resistance Analysis
18.54
We found 2 important support areas.
- A support zone ranging from 19.05 to 19.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.73 to 18.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.14 to 20.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.69 from a trend line in the daily time frame.
- Resistance @22.10 from a horizontal line in the weekly time frame.
GLL 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 | DOWN | NEGATIVE | The long term trend for GLL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLL is neutral. |
| ChartMill Relative Strength | 11.22 | NEGATIVE | GLL has a low relative strength, it was outperformed by 88.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GLL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.29 | NEUTRAL | The RSI value for GLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.65 | NEUTRAL | The Stochastics value for GLL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for GLL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.83 | NEGATIVE | The low ADX value for GLL suggests a weak or negative trend. |
GLL Chart- and CandleStick Pattern Analysis
GLL Technicals: Chart, Performance Metrics, Trend & Indicators
19.86
-0.17 (-0.85%)
PROSHARES ULTRASHORT GOLD / GLL TA FAQ
What is the technical rating for GLL stock?
ChartMill assigns a technical rating of 1 / 10 to GLL.
Can you provide the trend direction for PROSHARES ULTRASHORT GOLD?
The current trend direction for PROSHARES ULTRASHORT GOLD (GLL) is Bearish.
What is the RSI signal for PROSHARES ULTRASHORT GOLD (GLL) stock?
PROSHARES ULTRASHORT GOLD (GLL) has an RSI value of 51.2869. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRASHORT GOLD?
The short term momentum for PROSHARES ULTRASHORT GOLD (GLL) is neutral.
Can you provide the support and resistance levels for PROSHARES ULTRASHORT GOLD?
PROSHARES ULTRASHORT GOLD (GLL) has a support level at 19.43 and a resistance level at 20.14. Check the full technical report for our detailed analysis of GLL support and resistance levels.