ISHARES GOLD TRUST MICRO (IAUM) Stock Technical Analysis
USA - NYSEARCA:IAUM - US46436F1030 - ETF
We assign a technical rating of 10 out of 10 to IAUM. Both in the recent history as in the last year, IAUM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, IAUM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 39.88, a Stop Loss order could be placed below this zone.
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30.80
When analyzing the support we can see 5 important areas.
- A support zone ranging from 39.31 to 39.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.25 from a trend line in the daily time frame.
- Support @32.93 from a horizontal line in the daily time frame.
- A support zone ranging from 32.07 to 32.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.11 from a trend 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 IAUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IAUM is up. |
| ChartMill Relative Strength | 88.73 | POSITIVE | IAUM has a high relative strength, it outperformed 88.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IAUM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IAUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IAUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.61 | NEUTRAL | The RSI value for IAUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests IAUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.7 | NEUTRAL | The Stochastics value for IAUM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for IAUM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.4 | POSITIVE | The high ADX value value for IAUM suggests a strong trend. |
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 |
|---|---|---|---|
| 40.24 | 39.30 | 0.94 (2.34%) | 25.00% |
| An entry @40.24. This is a Buy Stop order right above the 10 day moving average. | An exit @39.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 2.34%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IAUM. Please evaluate whether better entry and exit points can be found.
- 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.
39.98
+0.09 (+0.23%)
ISHARES GOLD TRUST MICRO / IAUM FAQ
Can you provide the ChartMill technical rating for ISHARES GOLD TRUST MICRO?
ChartMill assigns a technical rating of 10 / 10 to IAUM.
What is the trend direction for IAUM stock?
The current trend direction for ISHARES GOLD TRUST MICRO (IAUM) is Bullish.
What is the RSI signal for IAUM stock?
ISHARES GOLD TRUST MICRO (IAUM) has an RSI value of 51.6067. This indicates that the stock is currently neutral.
What is the MACD signal for IAUM stock?
The MACD indicator for ISHARES GOLD TRUST MICRO (IAUM) has a value of -0.364281, indicating a bearish trend.
What are the support and resistance levels for ISHARES GOLD TRUST MICRO (IAUM) stock?
ISHARES GOLD TRUST MICRO (IAUM) has a support level at 39.88. Check the full technical report for our detailed analysis of IAUM support and resistance levels.