Taking everything into account, BAR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BAR is showing a nice and steady performance.
BAR 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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31.13
5 important support areas can be observed.
- A support zone ranging from 41.69 to 42.46. 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 38.82 to 39.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.94 from a trend line in the daily time frame.
- Support @32.53 from a trend line in the weekly time frame.
- A support zone ranging from 31.44 to 31.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.77 to 43.18. 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 BAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAR is up. |
| ChartMill Relative Strength | 91.61 | POSITIVE | BAR has a high relative strength, it outperformed 91.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.13 | OVERBOUGHT | The high RSI value suggests BAR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.63 | OVERBOUGHT | The high Stochastics value suggests BAR may be overbought. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for BAR suggests low volalility. |
| Average Directional Index/ADX (14) | 27.03 | POSITIVE | The high ADX value value for BAR suggests a strong 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 |
|---|---|---|---|
| 43.19 | 41.14 | 2.05 (4.75%) | 21.07% |
| An entry @43.19. This is a Buy Stop order right above the resistance zone. | An exit @41.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.05 points, which is 4.75%. | For a 1.00% total portfolio risk, you can invest 21.07% 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.
42.76
+0.05 (+0.12%)
GRANITESHARES GOLD TRUST / BAR FAQ
Can you provide the ChartMill technical rating for GRANITESHARES GOLD TRUST?
ChartMill assigns a technical rating of 10 / 10 to BAR.
What is the trend direction for BAR stock?
The current trend direction for GRANITESHARES GOLD TRUST (BAR) is Bullish.
Can you provide the RSI signal for GRANITESHARES GOLD TRUST?
GRANITESHARES GOLD TRUST (BAR) has an RSI value of 71.1314. This indicates that the stock is currently overbought.
What is the MACD signal for BAR stock?
The MACD indicator for GRANITESHARES GOLD TRUST (BAR) has a value of 0.0692693, indicating a bearish trend.
What is the support and resistance level for BAR stock?
GRANITESHARES GOLD TRUST (BAR) has a support level at 42.46 and a resistance level at 42.77. Check the full technical report for our detailed analysis of BAR support and resistance levels.