FT VEST GOLD STRATEGY TARGET (IGLD) Stock Technical Analysis
NYSEARCA:IGLD - NYSE Arca - US33733E8562 - ETF - Currency: USD
Taking everything into account, IGLD scores 5 out of 10 in our technical rating. IGLD has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
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.
IGLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IGLD is lagging the market slightly.
When comparing the performance of all stocks over the past year, IGLD turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
In the last month IGLD has a been trading in a tight range between 21.46 and 22.30.
IGLD has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 21.73, a Stop Loss order could be placed below this zone.
More info and screens
18.43
22.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.66 to 21.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.07 to 21.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @19.27 from a trend line in the weekly time frame.
- A support zone ranging from 18.62 to 18.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.85 to 22.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 IGLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGLD is neutral. |
| ChartMill Relative Strength | 48.39 | NEUTRAL | IGLD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IGLD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IGLD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.09 | NEUTRAL | The RSI value for IGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IGLD has a negative trend. |
| Stochastics (14,3) | 50.64 | NEUTRAL | The Stochastics value for IGLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for IGLD suggests low volalility. |
| Average Directional Index/ADX (14) | 8.43 | NEGATIVE | The low ADX value for IGLD 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)
21.76
-0.03 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.14%
1 Week-0.64%
2 Weeks1.21%
1 Month0.09%
3 Month3.52%
6 Month10.63%
12 Month3.97%
2 Year14.32%
3 Year16.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.94%
ATR Inc-35.18%
Range Today0.12
ADR(20)0.17
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.39
Mansfield-0.55
10 Day High22.07
10 Day Low21.55
20 Day High22.3
20 Day Low21.46
52 Week High22.4
52 Week Low18.39
CS1 End21.73
CR1 Start21.85
Volume & EV
DER(3)0.18%
DER(5)-0.81%
Volume68.10K
Volume Incr49.48%
Vol(5)229.08K
Vol(50)187.61K