ISHARES GOLD TRUST (IAU) Stock Technical Analysis
NYSEARCA:IAU - NYSE Arca - US4642852044 - ETF - Currency: USD
Overall IAU gets a technical rating of 9 out of 10. Both in the recent history as in the last year, IAU has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that IAU is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, IAU also shows a nice and consistent pattern of rising prices.
IAU 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 IAU is leading the market.
IAU has an average volume of 7261370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IAU has a been trading in a tight range between 61.60 and 64.72.
IAU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 64.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.13, a Stop Loss order could be placed below this zone.
More info and screens
56.58
65.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 60.86 to 63.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.59 to 64.74. 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 IAU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IAU is neutral. |
| ChartMill Relative Strength | 81.83 | POSITIVE | IAU has a high relative strength, it outperformed 81.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IAU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IAU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IAU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | NEUTRAL | The RSI value for IAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests IAU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.65 | NEUTRAL | The Stochastics value for IAU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for IAU suggests low volalility. |
| Average Directional Index/ADX (14) | 10.11 | NEGATIVE | The low ADX value for IAU suggests a weak or negative 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)
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 |
|---|---|---|---|
| 64.75 | 61.59 | 3.16 (4.88%) | 20.49% |
| An entry @64.75. This is a Buy Stop order right above the resistance zone. | An exit @61.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.16 points, which is 4.88%. | For a 1.00% total portfolio risk, you can invest 20.49% 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.
63.29
+1.28 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.06%
1 Week0.6%
2 Weeks0.25%
1 Month0.67%
3 Month3.81%
6 Month19.71%
12 Month37.44%
2 Year72.22%
3 Year94.98%
5 Year68.59%
10 Year188.21%
15 Year158.96%
Volatility
ATR(14)0.79
ATR(20)%1.16%
ATR Inc43.25%
Range Today0.44
ADR(20)0.51
ADR(20)%0.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.83
Mansfield0.78
10 Day High64.72
10 Day Low61.6
20 Day High64.72
20 Day Low61.6
52 Week High65
52 Week Low44.99
CS1 End63.13
CR1 Start64.59
Volume & EV
DER(3)-0.25%
DER(5)-2.08%
Volume8.42M
Volume Incr-7.67%
Vol(5)5.99M
Vol(50)7.26M