Taking everything into account, GOEX 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, GOEX is showing a nice and steady performance.
Although GOEX has an excellent technical rating, it does not offer a high quality setup 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
38.80
We found 4 important support areas.
- A support zone ranging from 65.77 to 67.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.20 from a trend line in the daily time frame.
- Support @52.03 from a trend line in the weekly time frame.
- Support @39.19 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 GOEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOEX is up. |
| ChartMill Relative Strength | 96.36 | POSITIVE | GOEX has a high relative strength, it outperformed 96.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.03 | NEUTRAL | The RSI value for GOEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests GOEX has a positive trend. |
| Stochastics (14,3) | 88.18 | OVERBOUGHT | The high Stochastics value suggests GOEX may be overbought. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for GOEX suggests some volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for GOEX suggests a weak or negative trend. |
75.2597
+3.25 (+4.52%)
GLOBAL X GOLD EXPLORERS ETF / GOEX FAQ
What is the technical rating for GOEX stock?
ChartMill assigns a technical rating of 10 / 10 to GOEX.
What is the trend direction for GOEX stock?
The current trend direction for GLOBAL X GOLD EXPLORERS ETF (GOEX) is Bullish.
What is the RSI signal for GOEX stock?
GLOBAL X GOLD EXPLORERS ETF (GOEX) has an RSI value of 63.0329. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL X GOLD EXPLORERS ETF?
The short term momentum for GLOBAL X GOLD EXPLORERS ETF (GOEX) is positive.
What is the support and resistance level for GOEX stock?
GLOBAL X GOLD EXPLORERS ETF (GOEX) has a support level at 67.34. Check the full technical report for our detailed analysis of GOEX support and resistance levels.