We assign a technical rating of 10 out of 10 to SGOL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SGOL is showing a nice and steady performance.
SGOL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.49
We found 5 important support areas.
- A support zone ranging from 41.49 to 42.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 37.53 to 38.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.15 from a trend line in the daily time frame.
- Support @31.84 from a trend line in the weekly time frame.
- Support @30.80 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.20 to 43.20. 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 SGOL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGOL is up. |
| ChartMill Relative Strength | 90.22 | POSITIVE | SGOL has a high relative strength, it outperformed 90.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGOL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGOL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGOL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.9 | NEUTRAL | The RSI value for SGOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SGOL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.64 | NEUTRAL | The Stochastics value for SGOL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for SGOL suggests low volalility. |
| Average Directional Index/ADX (14) | 27.6 | POSITIVE | The high ADX value value for SGOL suggests a strong trend. |
42.44
-0.39 (-0.91%)
ABRDN PHYSICAL GOLD SHARES / SGOL FAQ
What is the ChartMill technical rating of ABRDN PHYSICAL GOLD SHARES (SGOL) stock?
ChartMill assigns a technical rating of 10 / 10 to SGOL.
Can you provide the trend direction for ABRDN PHYSICAL GOLD SHARES?
The current trend direction for ABRDN PHYSICAL GOLD SHARES (SGOL) is Bullish.
What is the RSI signal for SGOL stock?
ABRDN PHYSICAL GOLD SHARES (SGOL) has an RSI value of 60.8993. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ABRDN PHYSICAL GOLD SHARES?
The buy/sell signal for ABRDN PHYSICAL GOLD SHARES (SGOL) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ABRDN PHYSICAL GOLD SHARES?
ABRDN PHYSICAL GOLD SHARES (SGOL) has a support level at 42.14 and a resistance level at 43.2. Check the full technical report for our detailed analysis of SGOL support and resistance levels.