ISHARES S&P GSCI COMMODITY I (GSG)
US46428R1077 - ETF
Overall GSG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GSG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GSG did better than 70% of all other stocks. On top of that, GSG also shows a nice and consistent pattern of rising prices.
GSG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GSG is leading the market.
GSG 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.
In the last month GSG has a been trading in a tight range between 22.07 and 23.08.
GSG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
19.28
23.30
4 important support areas can be observed.
- A support zone ranging from 21.91 to 22.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.42 to 20.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.92 from a horizontal line in the weekly time frame.
- Support @19.47 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.74 to 23.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.67
Mansfield-0.27
10 Day High22.8
10 Day Low22.24
20 Day High23.08
20 Day Low22.07
52 Week High23.08
52 Week Low18.65
Performance
1 Week0.89%
2 Weeks-0.09%
1 Month2.77%
3 Month6.68%
6 Month2.53%
12 Month13.86%
2 Year-4.27%
3 Year50.13%
5 Year38.32%
10 Year-31.92%
15 Year-8.55%
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)60.11
LBB22.3
UBB22.9
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 |
|---|---|---|---|
| 23.08 | 22.23 | 0.85 (3.68%) | 25.00% |
| An entry @23.08. This is a Buy Stop order right above the resistance zone. | An exit @22.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.85 points, which is 3.68%. | For a 0.92% 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.
ISHARES S&P GSCI COMMODITY I
NYSEARCA:GSG (4/26/2024, 7:04:01 PM)
After market: 22.67 0 (0%)22.67
-0.04 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.18%
1 Week0.89%
2 Weeks-0.09%
1 Month2.77%
3 Month6.68%
6 Month2.53%
12 Month13.86%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.27
ATR(20)%1.16%
ATR Inc
Range Today0.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High22.8
10 Day Low22.24
20 Day High23.08
20 Day Low22.07
52 Week High23.08
52 Week Low18.65
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.06M
Volume Incr97.72%
Vol(5)969.02K
Vol(50)525.77K