SPDR GOLD MINISHARES TRUST (GLDM) Stock Technical Analysis
NYSEARCA:GLDM - NYSE Arca - US98149E3036 - ETF - Currency: USD
Overall GLDM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GLDM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GLDM is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, GLDM also shows a nice and consistent pattern of rising prices.
GLDM is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GLDM slightly outperforms the market at the moment.
GLDM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GLDM has an average volume of 4648100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, GLDM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
51.18
66.09
5 important support areas can be observed.
- A support zone ranging from 60.38 to 60.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.95 from a horizontal line in the daily time frame.
- A support zone ranging from 56.31 to 56.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @55.21 from a trend line in the daily time frame.
- Support @51.70 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.17
Mansfield2.76
10 Day High68.23
10 Day Low63.28
20 Day High68.23
20 Day Low58.56
52 Week High68.23
52 Week Low45.13
Performance
1 Week-0.52%
2 Weeks4.2%
1 Month8.06%
3 Month19.18%
6 Month20.4%
12 Month41.1%
2 Year65.71%
3 Year73.72%
5 Year94.3%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)61.15
LBB58.82
UBB69.35
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 |
|---|---|---|---|
| 65.52 | 63.27 | 2.25 (3.43%) | 25.00% |
| An entry @65.52. This is a Buy Stop order right above the 10 day moving average. | An exit @63.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.25 points, which is 3.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
65.44
-0.75 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.13%
1 Week-0.52%
2 Weeks4.2%
1 Month8.06%
3 Month19.18%
6 Month20.4%
12 Month41.1%
2 Year65.71%
3 Year73.72%
5 Year94.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%2.03%
ATR Inc-17.57%
Range Today0.93
ADR(20)0.86
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.17
Mansfield2.76
10 Day High68.23
10 Day Low63.28
20 Day High68.23
20 Day Low58.56
52 Week High68.23
52 Week Low45.13
CS1 End60.83
CR1 StartN/A
Volume & EV
DER(3)-0.27%
DER(5)-1.38%
Volume3.80M
Volume Incr17.79%
Vol(5)6.73M
Vol(50)4.65M