ISHARES S&P GSCI COMMODITY I (GSG) Stock Technical Analysis
USA - NYSEARCA:GSG - US46428R1077 - ETF
We assign a technical rating of 7 out of 10 to GSG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GSG is only an average performer.
GSG has an excellent technical rating and also presents 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 23.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.25, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.64
5 important support areas can be observed.
- A support zone ranging from 22.55 to 23.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @22.04 from a horizontal line in the daily time frame.
- Support @21.69 from a trend line in the weekly time frame.
- Support @20.70 from a horizontal line in the weekly time frame.
- A support zone ranging from 19.84 to 20.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.59 to 23.63. 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 GSG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSG is up. |
| ChartMill Relative Strength | 69.68 | NEUTRAL | GSG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GSG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.67 | NEUTRAL | The RSI value for GSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GSG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.68 | NEUTRAL | The Stochastics value for GSG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for GSG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.99 | NEGATIVE | The low ADX value for GSG suggests a weak or negative 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 |
|---|---|---|---|
| 23.64 | 22.90 | 0.74 (3.13%) | 25.00% |
| An entry @23.64. This is a Buy Stop order right above the resistance zone. | An exit @22.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.74 points, which is 3.13%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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.
23.25
+0.1 (+0.43%)
ISHARES S&P GSCI COMMODITY I / GSG FAQ
Can you provide the ChartMill technical rating for ISHARES S&P GSCI COMMODITY I?
ChartMill assigns a technical rating of 7 / 10 to GSG.
What is the trend direction for GSG stock?
The current trend direction for ISHARES S&P GSCI COMMODITY I (GSG) is Bullish.
Can you provide the RSI signal for ISHARES S&P GSCI COMMODITY I?
ISHARES S&P GSCI COMMODITY I (GSG) has an RSI value of 53.6737. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES S&P GSCI COMMODITY I (GSG) stock?
The MACD indicator for ISHARES S&P GSCI COMMODITY I (GSG) has a value of 0.0057134, indicating a bearish trend.
What is the short term momentum for ISHARES S&P GSCI COMMODITY I (GSG) stock?
The short term momentum for ISHARES S&P GSCI COMMODITY I (GSG) is positive.