The Greedy Trader Weekly Analysis
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- 11/2/2018
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streetTRACKS Gold Shares
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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.01
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 41.03
Greed/Fear Indicator (GFI) 59.65
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.37
Williams' Percentage Range (W%R) 56.60
Lane's Stochastic (%D-Slow) 70.84
Greed/Fear Indicator (GFI) 55.67
Moving Average Converg./Diverg. (MACD) -2.31
Trading Signals
Description Value Chart
Yearly Trendline Resistance 128.69
Yearly Trendline Support 119.78
Upper Bollinger Band 118.14
Parabolic System 117.41
Price 116.65
Weekly Stochastic Crossing 116.27
Daily Stochastic Crossing 115.90
20 Day Moving Average 115.55
50 Day Moving Average 114.32
Lower Bollinger Band 113.00
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 117.65
High Date 10/26/2018
Low 114.66
Low Date 10/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 111.85
Low Date 09/27/2018
High 117.65
High Date 10/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 111.06
Low Date 08/15/2018
High 117.65
High Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.51
High Date 01/25/2018
Low 111.06
Low Date 08/15/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 128.69
Support 119.78
Low 100.23
Low Date 12/17/2015
High 131.15
High Date 07/06/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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