Taking everything into account, SGOL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SGOL has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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29.88
When analyzing the support we can see 5 important areas.
- A support zone ranging from 39.43 to 40.00. 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 and important moving averages in multiple time frames.
- Support @34.57 from a trend line in the daily time frame.
- A support zone ranging from 30.80 to 31.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @40.31 from a horizontal line in the weekly 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 SGOL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGOL is up. |
| ChartMill Relative Strength | 91.31 | POSITIVE | SGOL has a high relative strength, it outperformed 91.31% 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) | 60.3 | NEUTRAL | The RSI value for SGOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SGOL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.56 | OVERBOUGHT | The high Stochastics value suggests SGOL may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for SGOL suggests low volalility. |
| Average Directional Index/ADX (14) | 16.78 | 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 |
|---|---|---|---|
| 40.32 | 39.42 | 0.90 (2.23%) | 25.00% |
| An entry @40.32. This is a Buy Stop order right above the resistance zone. | An exit @39.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.90 points, which is 2.23%. | For a 0.56% 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.
40.04
-0.09 (-0.22%)
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.
What is the trend direction for SGOL stock?
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 60.2978. This indicates that the stock is currently neutral.
What is the buy/sell signal for SGOL stock?
The buy/sell signal for ABRDN PHYSICAL GOLD SHARES (SGOL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ABRDN PHYSICAL GOLD SHARES (SGOL) stock?
ABRDN PHYSICAL GOLD SHARES (SGOL) has a support level at 40 and a resistance level at 40.31. Check the full technical report for our detailed analysis of SGOL support and resistance levels.