ISHARES GOLD TRUST (IAU) Stock Technical Analysis
USA - NYSEARCA:IAU - US4642852044 - ETF
69.44 USD
+0.73 (+1.06%)
69.42 USD
-0.02 (-0.03%)
Overall IAU gets a technical rating of 10 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 and short term trends are both positive. This is looking good!
Looking at the yearly performance, IAU did better than 81% of all other stocks. We also observe that the gains produced by IAU over the past year are nicely spread over this period.
IAU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IAU has a been trading in the 62.73 - 69.86 range, which is quite wide. It is currently trading near the high of this range.
IAU has an average volume of 6903000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, IAU also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
58.32
70.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 64.65 to 65.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.86 to 62.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.45 to 69.54. 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 | UP | POSITIVE | The short term trend for IAU is up. |
| ChartMill Relative Strength | 81.51 | POSITIVE | IAU has a high relative strength, it outperformed 81.51% 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) | 72.84 | OVERBOUGHT | The high RSI value suggests IAU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests IAU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.83 | OVERBOUGHT | The high Stochastics value suggests IAU may be overbought. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for IAU suggests low volalility. |
| Average Directional Index/ADX (14) | 39.79 | POSITIVE | The high ADX value value for IAU suggests a strong 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 |
|---|---|---|---|
| 69.55 | 68.16 | 1.39 (2.00%) | 25.00% |
| An entry @69.55. This is a Buy Stop order right above the resistance zone. | An exit @68.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.39 points, which is 2.00%. | For a 0.50% 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.
69.44
+0.73 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.06%
1 Week1.11%
2 Weeks2.48%
1 Month10.4%
3 Month9.44%
6 Month21.89%
12 Month40.23%
2 Year98.46%
3 Year120.24%
5 Year93%
10 Year222.08%
15 Year171.25%
Volatility
ATR(14)0.78
ATR(20)%1.02%
ATR Inc-9.05%
Range Today0.59
ADR(20)0.58
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.51
Mansfield0.84
10 Day High69.86
10 Day Low68.17
20 Day High69.86
20 Day Low62.73
52 Week High69.86
52 Week Low48.29
CS1 End65.16
CR1 Start69.45
Volume & EV
DER(3)1.42%
DER(5)1.26%
Volume5.77M
Volume Incr99.5%
Vol(5)12.87M
Vol(50)6.90M