IVZ PHYSICAL GOLD EU HDG ETC (SGLE.MI) Stock Technical Analysis
BIT:SGLE - Euronext Milan - XS2183935274 - ETF - Currency: EUR
We assign a technical rating of 10 out of 10 to SGLE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SGLE is showing a nice and steady performance.
Warning: SGLE has an average volume of 17315 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SGLE did better than 91% of all other stocks. We also observe that the gains produced by SGLE over the past year are nicely spread over this period.
SGLE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SGLE is performing more or less in line with the market.
In the last month SGLE has a been trading in the 73.24 - 79.35 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SGLE also presents 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 76.86, 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
68.39
80.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 73.69 to 76.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.41 from a trend line in the daily time frame.
- Support @69.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 79.84 to 79.84. This zone is formed by a combination of multiple trend lines in the daily 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 SGLE.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGLE.MI is up. |
| ChartMill Relative Strength | 91.44 | POSITIVE | SGLE.MI has a high relative strength, it outperformed 91.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGLE.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGLE.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGLE.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.48 | NEUTRAL | The RSI value for SGLE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SGLE.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.09 | NEUTRAL | The Stochastics value for SGLE.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for SGLE.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.74 | NEGATIVE | The low ADX value for SGLE.MI 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 |
|---|---|---|---|
| 79.85 | 73.23 | 6.62 (8.29%) | 12.06% |
| An entry @79.85. This is a Buy Stop order right above the resistance zone. | An exit @73.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.62 points, which is 8.29%. | For a 1.00% total portfolio risk, you can invest 12.06% 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:SGLE (5/23/2025, 7:00:00 PM)
78.23
+1.45 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.89%
1 Week5.57%
2 Weeks0.17%
1 Month2.09%
3 Month14.86%
6 Month22.98%
12 Month50.44%
2 Year62.54%
3 Year52.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%1.76%
ATR Inc-6.53%
Range Today0.82
ADR(20)0.95
ADR(20)%1.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.44
Mansfield1.91
10 Day High78.28
10 Day Low73.24
20 Day High79.35
20 Day Low73.24
52 Week High81.36
52 Week Low51.67
CS1 End76.86
CR1 Start79.84
Volume & EV
DER(3)0%
DER(5)0%
Volume21.10K
Volume Incr59.19%
Vol(5)29.95K
Vol(50)17.32K