ISHARES GOLD TRUST (IAU) Stock Technical Analysis
NYSEARCA:IAU - US4642852044 - ETF
63.44 USD
-0.14 (-0.22%)
63.19 USD
-0.25 (-0.39%)
We assign a technical rating of 7 out of 10 to IAU. In the last year, IAU was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that IAU is one of the better performing stocks in the market, outperforming 79% of all 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.
IAU has an average volume of 6463180 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 64.17.
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 63.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.14, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
57.58
65.39
We found 2 important support areas.
- A support zone ranging from 60.86 to 63.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.83 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 | 79.42 | POSITIVE | IAU has a high relative strength, it outperformed 79.42% 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) | DOWN | MIXED | The current price of IAU is above a declining 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) | 52.98 | NEUTRAL | The RSI value for IAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IAU has a positive trend. |
| Stochastics (14,3) | 48.92 | NEUTRAL | The Stochastics value for IAU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for IAU suggests low volalility. |
| Average Directional Index/ADX (14) | 7.95 | 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 |
|---|---|---|---|
| 63.68 | 62.47 | 1.21 (1.90%) | 25.00% |
| An entry @63.68. This is a Buy Stop order right above the 10 day high. | An exit @62.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.21 points, which is 1.90%. | For a 0.48% 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.
63.44
-0.14 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.22%
1 Week0.95%
2 Weeks0.43%
1 Month1.47%
3 Month2.06%
6 Month17.77%
12 Month34.18%
2 Year72.63%
3 Year95.44%
5 Year68.99%
10 Year188.89%
15 Year159.57%
Volatility
ATR(14)0.5
ATR(20)%0.91%
ATR Inc21.63%
Range Today0.23
ADR(20)0.41
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.42
Mansfield0.34
10 Day High63.67
10 Day Low62.48
20 Day High64.17
20 Day Low61.6
52 Week High65
52 Week Low46.72
CS1 End63.14
CR1 Start63.83
Volume & EV
DER(3)1.06%
DER(5)-1.18%
Volume2.22M
Volume Incr-0.85%
Vol(5)5.84M
Vol(50)6.46M