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streetTRACKS Gold Shares
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|It was the negative week for the streetTRACKS Gold Shares (GLD). During the week, the GLD gave back -0.11 points, or -0.09%, and closed at 116.65 on Friday, November 02, 2018. It was the worst weekly loss since September 28, 2018. Weekly volume was 42% above average. |
Long-term trend: [See GLD long-term trend chart]
A long-term uptrend had started on December 17, 2015 at 100.23 and reached 131.15 on July 6, 2016. GLD gained -30.92 points, or -30.85%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (119.78) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See GLD medium-term trend chart]
A medium-term uptrend had started on August 15, 2018 at 111.06 and reached 117.65 on October 26, 2018. GLD gained -6.59 points, or -5.93%, in 10 weeks. The price is now at the 15.17% retracement level.
Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 12, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See GLD short-term trend chart]
A short-term downtrend had started on October 26, 2018 at 117.65 and reached 114.66 on October 31, 2018. GLD lost 2.99 points, or 2.54%, in 5 days. The price is now at the 66.56% retracement level.
Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.