STRATEGY SHARES GOLD ENHANCE (GOLY) Stock Technical Analysis
USA - NYSEARCA:GOLY - US86280R8786 - ETF
31.76 USD
+0.18 (+0.57%)
31.5 USD
-0.26 (-0.82%)
We assign a technical rating of 10 out of 10 to GOLY. Both in the recent history as in the last year, GOLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GOLY did better than 71% of all other stocks. On top of that, GOLY also shows a nice and consistent pattern of rising prices.
GOLY 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.
GOLY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GOLY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.87. Right above this resistance zone may be a good entry point.
More info and screens
25.20
32.51
4 important support areas can be observed.
- A support zone ranging from 29.66 to 30.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.13 to 28.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.45 from a trend line in the daily time frame.
- Support @25.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.87 to 32.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 GOLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOLY is up. |
| ChartMill Relative Strength | 71.66 | POSITIVE | GOLY has a high relative strength, it outperformed 71.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.54 | NEUTRAL | The RSI value for GOLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GOLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.33 | NEUTRAL | The Stochastics value for GOLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for GOLY suggests some volalility. |
| Average Directional Index/ADX (14) | 42.65 | POSITIVE | The high ADX value value for GOLY 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)
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 |
|---|---|---|---|
| 32.20 | 31.30 | 0.90 (2.80%) | 25.00% |
| An entry @32.20. This is a Buy Stop order right above the resistance zone. | An exit @31.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.90 points, which is 2.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOLY. 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.
31.76
+0.18 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.57%
1 Week-0.38%
2 Weeks0.68%
1 Month9.74%
3 Month5.59%
6 Month19.11%
12 Month24.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2%
ATR Inc-22.47%
Range Today0.59
ADR(20)0.59
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.66
Mansfield0.45
10 Day High32.39
10 Day Low31.31
20 Day High32.39
20 Day Low28.88
52 Week High32.39
52 Week Low23.65
CS1 End30.17
CR1 Start31.87
Volume & EV
DER(3)-3.04%
DER(5)-0.41%
Volume24.50K
Volume Incr256.04%
Vol(5)144.04K
Vol(50)45.36K