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Uptrend ExhaustionArchive
- 4/17/2025 -
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streetTRACKS Gold Shares (GLD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the streetTRACKS Gold Shares (GLD). During the week, the GLD gained 8.22 points, or 2.76%, and closed at 306.12 on Thursday, April 17, 2025. Weekly volume was 105% 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 308.06 on April 16, 2025. GLD gained -207.83 points, or -207.35%, in 486 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (168.45) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line 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 308.06 on April 16, 2025. GLD gained -139.76 points, or -83.04%, in 79 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (269.40) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GLD weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly 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 January 31, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 14, 2024 at 236.10 and reached 308.06 on April 16, 2025. GLD gained -71.96 points, or -30.48%, in 153 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (274.32) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See GLD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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