NYSEARCA:IAUM - NYSE Arca - US46436F1030 - ETF - Currency: USD
Taking everything into account, IAUM 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, IAUM is showing a nice and steady performance.
IAUM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.03, a Stop Loss order could be placed below this zone.
24.60
5 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 |
---|---|---|---|
29.45 | 28.76 | 0.69 (2.34%) | 25.00% |
An entry @29.45. This is a Buy Stop order right above the resistance zone. | An exit @28.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 2.34%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
29.03
+0.02 (+0.07%)