We assign a technical rating of 3 out of 10 to GSOL. GSOL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of GSOL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.00
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.45 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 GSOL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSOL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GSOL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSOL is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 29.07 | OVERSOLD | The low RSI value suggests GSOL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests GSOL has a negative trend. |
| Stochastics (14,3) | 25.65 | NEUTRAL | The Stochastics value for GSOL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.16 | HIGH VOLATILITY | The high ATR as a percentage value for GSOL suggests high volalility. |
| Average Directional Index/ADX (14) | 55.98 | POSITIVE | The high ADX value value for GSOL suggests a strong trend. |
9.09
-0.94 (-9.37%)
GRAYSCALE SOLANA TRUST ETF / GSOL FAQ
Can you provide the ChartMill technical rating for GRAYSCALE SOLANA TRUST ETF?
ChartMill assigns a technical rating of 3 / 10 to GSOL.
Can you provide the trend direction for GRAYSCALE SOLANA TRUST ETF?
The current trend direction for GRAYSCALE SOLANA TRUST ETF (GSOL) is Bullish.
Can you provide the RSI signal for GRAYSCALE SOLANA TRUST ETF?
GRAYSCALE SOLANA TRUST ETF (GSOL) has an RSI value of 29.071. This indicates that the stock is currently oversold.
What is the short term momentum for GRAYSCALE SOLANA TRUST ETF (GSOL) stock?
The short term momentum for GRAYSCALE SOLANA TRUST ETF (GSOL) is positive.
What is the buy/sell signal for GRAYSCALE SOLANA TRUST ETF (GSOL) stock?
The buy/sell signal for GRAYSCALE SOLANA TRUST ETF (GSOL) is buy as both the short term and long term trends are positive.