ABRDN PHYSICAL GOLD SHARES (SGOL) Stock Technical Analysis
NYSEARCA:SGOL - NYSE Arca - US00326A1043 - ETF - Currency: USD
Taking everything into account, SGOL scores 7 out of 10 in our technical rating. In the last year, SGOL was one of the better performers, but we do observe some doubts in the very recent evolution.
SGOL has an excellent technical rating and 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 32.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.91, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
28.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.80 to 31.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.65 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 32.01 to 32.76. 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 | 76.83 | POSITIVE | SGOL has a high relative strength, it outperformed 76.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGOL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SGOL is above a declining 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) | 52.23 | NEUTRAL | The RSI value for SGOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGOL has a positive trend. |
| Stochastics (14,3) | 71.33 | NEUTRAL | The Stochastics value for SGOL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for SGOL suggests low volalility. |
| Average Directional Index/ADX (14) | 8.29 | NEGATIVE | The low ADX value for SGOL 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 |
|---|---|---|---|
| 32.22 | 31.34 | 0.88 (2.73%) | 25.00% |
| An entry @32.22. This is a Buy Stop order right above the 10 day high. | An exit @31.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.88 points, which is 2.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- 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.
31.92
+0.07 (+0.22%)