|
|
Archive
- 11/8/2024 -
Sign In to see current Signals. |
streetTRACKS Gold Shares (GLD) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the streetTRACKS Gold Shares (GLD). During the week, the GLD dropped -4.50 points, or -1.78%, and closed at 248.00 on Friday, November 8, 2024. It was the worst weekly loss since May 24, 2024. Weekly volume was 7% 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 257.70 on October 30, 2024. GLD gained -157.47 points, or -157.11%, in 462 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 165.30 and resistance is at 260.40. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See GLD medium-term trend chart]
A medium-term uptrend had started on October 5, 2023 at 168.30 and reached 257.70 on October 30, 2024. GLD gained -89.40 points, or -53.12%, in 55 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 236.08 and resistance is at 265.03. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 16, 2024. 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 uptrend had started on June 7, 2024 at 211.57 and reached 257.70 on October 30, 2024. GLD gained -46.13 points, or -21.80%, in 145 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (249.57) 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 short-term trend.
 Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 31, 2024.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|