ISHARES S&P GSCI COMMODITY I (GSG) Stock Technical Analysis
USA - NYSEARCA:GSG - US46428R1077 - ETF
22.76 USD
+0.09 (+0.4%)
22.76 USD
0 (0%)
Overall GSG gets a technical rating of 7 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
GSG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GSG is lagging the market slightly.
When comparing the performance of all stocks over the past year, GSG turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
In the last month GSG has a been trading in a tight range between 21.97 and 23.13.
Besides having an excellent technical rating, GSG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.71, a Stop Loss order could be placed below this zone.
More info and screens
19.64
23.83
We found 5 important support areas.
- A support zone ranging from 22.41 to 22.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.04 from a horizontal line in the daily time frame.
- Support @21.46 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.77 to 22.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.31 to 23.59. 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 | 49.3 | 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) | 54.4 | 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) | 49.07 | NEUTRAL | The Stochastics value for GSG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for GSG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.7 | NEUTRAL | The ADX value for GSG suggests a possible start of a new 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)
22.76
+0.09 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week0.93%
2 Weeks0.18%
1 Month2.75%
3 Month-1.22%
6 Month3.13%
12 Month11.4%
2 Year1.11%
3 Year10.59%
5 Year111.72%
10 Year33.26%
15 Year-24.16%
Volatility
ATR(14)0.22
ATR(20)%0.95%
ATR Inc25.09%
Range Today0.19
ADR(20)0.17
ADR(20)%0.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.3
Mansfield-0.66
10 Day High23.13
10 Day Low22.48
20 Day High23.13
20 Day Low21.97
52 Week High23.66
52 Week Low19.86
CS1 End22.71
CR1 Start22.77
Volume & EV
DER(3)-0.49%
DER(5)-1.03%
Volume451.20K
Volume Incr-27.71%
Vol(5)316.57K
Vol(50)393.84K