WT PHYSICAL SWISS GOLD (SGBS.MI) Stock Technical Analysis
BIT:SGBS - Euronext Milan - JE00B588CD74 - ETF - Currency: EUR
Taking everything into account, SGBS scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SGBS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SGBS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 283.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 277.58, a Stop Loss order could be placed below this zone.
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176.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 273.04 to 277.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @268.03 from a trend line in the daily time frame.
- Support @255.75 from a horizontal line in the daily time frame.
- Support @178.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 283.92 to 286.64. 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 SGBS.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGBS.MI is up. |
| ChartMill Relative Strength | 82.37 | POSITIVE | SGBS.MI has a high relative strength, it outperformed 82.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SGBS.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGBS.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGBS.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.63 | NEUTRAL | The RSI value for SGBS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SGBS.MI has a negative trend. |
| Stochastics (14,3) | 71.07 | NEUTRAL | The Stochastics value for SGBS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for SGBS.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 11.23 | NEGATIVE | The low ADX value for SGBS.MI suggests a weak or negative 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 |
|---|---|---|---|
| 284.02 | 273.03 | 10.99 (3.87%) | 25.00% |
| An entry @284.02. This is a Buy Stop order right above the 10 day high. | An exit @273.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.99 points, which is 3.87%. | For a 0.97% 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.
BIT:SGBS (5/27/2025, 9:18:41 AM)
278.66
-2.28 (-0.81%)