GLDM SA S&P 500 PR IN ETF-US (GPIX) Stock Technical Analysis
NASDAQ:GPIX - Nasdaq - US38149W6223 - ETF - Currency: USD
Overall GPIX gets a technical rating of 7 out of 10. Although GPIX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, GPIX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 50.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.32, a Stop Loss order could be placed below this zone.
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47.85
2 important support areas can be observed.
- A support zone ranging from 49.19 to 50.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.73 to 50.82. This zone is formed by a combination of multiple trend lines 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 GPIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GPIX is up. |
| ChartMill Relative Strength | 61.76 | NEUTRAL | GPIX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GPIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GPIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GPIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.35 | NEUTRAL | The RSI value for GPIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GPIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.61 | NEUTRAL | The Stochastics value for GPIX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for GPIX suggests low volalility. |
| Average Directional Index/ADX (14) | 21.59 | NEUTRAL | The ADX value for GPIX suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 50.83 | 49.23 | 1.60 (3.15%) | 25.00% |
| An entry @50.83. This is a Buy Stop order right above the resistance zone. | An exit @49.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.60 points, which is 3.15%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
50.51
+0.32 (+0.64%)