ABRDN PHYSICAL GOLD SHARES (SGOL) Stock Technical Analysis
USA - NYSEARCA:SGOL - US00326A1043 - ETF
38.24 USD
+0.37 (+0.98%)
38.4 USD
+0.16 (+0.42%)
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SGOL is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by SGOL over the past year are nicely spread over this period.
SGOL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SGOL has a been trading in the 34.59 - 38.70 range, which is quite wide. It is currently trading near the high of this range.
SGOL has an average volume of 4793150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although SGOL has an excellent technical rating, it does not present a decent entry opportunity 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
29.88
38.62
6 important support areas can be observed.
- A support zone ranging from 34.25 to 34.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.41 from a trend line in the daily time frame.
- Support @32.01 from a trend line in the daily time frame.
- Support @31.50 from a horizontal line in the daily time frame.
- Support @30.80 from a horizontal line in the daily time frame.
- Support @30.18 from a trend 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 | 88.73 | POSITIVE | SGOL has a high relative strength, it outperformed 88.73% 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) | 75.41 | OVERBOUGHT | The high RSI value suggests SGOL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SGOL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.62 | OVERBOUGHT | The high Stochastics value suggests SGOL may be overbought. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for SGOL suggests low volalility. |
| Average Directional Index/ADX (14) | 47.19 | POSITIVE | The high ADX value value for SGOL suggests a strong 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)
38.24
+0.37 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.98%
1 Week3.24%
2 Weeks6.46%
1 Month10.04%
3 Month19.46%
6 Month24.08%
12 Month50.79%
2 Year101.48%
3 Year144.66%
5 Year111.86%
10 Year243.21%
15 Year182.86%
Volatility
ATR(14)0.53
ATR(20)%1.3%
ATR Inc60.78%
Range Today0.49
ADR(20)0.39
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.73
Mansfield1.83
10 Day High38.71
10 Day Low36.35
20 Day High38.71
20 Day Low34.59
52 Week High38.71
52 Week Low24.41
CS1 End34.76
CR1 StartN/A
Volume & EV
DER(3)-2.85%
DER(5)-4.81%
Volume7.96M
Volume Incr55.23%
Vol(5)7.84M
Vol(50)4.79M