Overall GSG gets a technical rating of 8 out of 10. Although GSG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by GSG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GSG has a been trading in the 22.93 - 24.77 range, which is quite wide. It is currently trading near the high of this range.
- 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 64% of all stocks.
- Considerably lower volume is observed in the last couple of days.
Although GSG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.49
3 important support areas can be observed.
- A support zone ranging from 22.45 to 24.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.95 to 22.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.70 from a horizontal line in the weekly time frame.
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 | 64.95 | 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) | 70.48 | OVERBOUGHT | The high RSI value suggests GSG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GSG has a positive trend. |
| Stochastics (14,3) | 95.89 | OVERBOUGHT | The high Stochastics value suggests GSG may be overbought. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for GSG suggests low volalility. |
| Average Directional Index/ADX (14) | 28.12 | POSITIVE | The high ADX value value for GSG suggests a strong trend. |
24.76
+0.49 (+2.02%)
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 8 / 10 to GSG.
Can you provide the trend direction for ISHARES S&P GSCI COMMODITY I?
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 70.4828. This indicates that the stock is currently overbought.
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 0.103074, indicating a bearish trend.
Can you provide the buy/sell signal for ISHARES S&P GSCI COMMODITY I?
The buy/sell signal for ISHARES S&P GSCI COMMODITY I (GSG) is buy as both the short term and long term trends are positive.