The Greedy Trader Weekly Analysis
Sign In Aug 17, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
streetTRACKS Gold Shares
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldLane's Stochastic bullish divergenceBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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 -0.23 points, or -0.20%, and closed at 114.69 on Friday, August 10, 2018. Weekly volume was -28% below 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 (118.19) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GLD may retest the broken support line. It is considered to be a resistance line now. 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 December 15, 2016 at 107.00 and reached 129.51 on January 25, 2018. GLD gained -22.51 points, or -21.04%, in 58 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (124.33) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GLD may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 below its signal line since April 20, 2018. The distance between MACD and the signal line is near its high, but getting smaller. 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 April 11, 2018 at 129.47 and reached 114.31 on August 6, 2018. GLD lost 15.16 points, or 11.71%, in 117 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 112.83 and resistance is at 116.54. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since August 7, 2018. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.94
Williams' Percentage Range (W%R) 84.90
Oversold
Lane's Stochastic (%D-Slow) 16.53
Oversold
Greed/Fear Indicator (GFI) 23.17
Moving Average Converg./Diverg. (MACD) -1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.33
Oversold
Williams' Percentage Range (W%R) 96.70
Strong Oversold
Lane's Stochastic (%D-Slow) 7.37
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 15.26
Oversold
Moving Average Converg./Diverg. (MACD) -1.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 131.21
Yearly Trendline Resistance 128.94
Quarterly Trendline Support 124.33
50 Day Moving Average 118.51
Yearly Trendline Support 118.19
Upper Bollinger Band 117.53
Weekly Trendline Resistance 116.54
Parabolic System 115.92
20 Day Moving Average 115.62
Weekly Stochastic Crossing 114.82
Price 114.69
Daily Stochastic Crossing 114.59
Lower Bollinger Band 114.19
Weekly Trendline Support 112.83
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 119.73
High Date 07/09/2018
Low 114.31
Low Date 08/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 116.54
Support 112.83
High 129.47
High Date 04/11/2018
Low 114.31
Low Date 08/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.51
High Date 01/25/2018
Low 114.31
Low Date 08/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 131.21
Support 124.33
Low 107.00
Low Date 12/15/2016
High 129.51
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 128.94
Support 118.19
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.

Copyright© 2004-2016 All rights reserved.