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GLDM Stock SPDR® Gold MiniShares (GLDM, $52.56) entered Uptrend as Momentum indicator ascends above 0 level on Dec 16, 2024

A.I.dvisor
at Tickeron.com
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GLDM - SPDR® Gold MiniShares
Momentum signal
Bullish Trend
Odds of UP Trend
Tickeron
Momentum signal
Price: $52.56
Daily change: +$0.1 (+0.19%)
Daily volume: 1.3M
Net Assets: $9.5B
This indicator may be signaling that GLDM's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. A.I.dvisor backtested 91 similar cases where GLDM's Momentum Indicator exceeded 0, and of them led to a successful outcome. Odds of Success:

GLDM in upward trend: price may jump up because it broke its lower Bollinger Band on December 18, 2024

GLDM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 30 cases where GLDM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GLDM advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 292 cases where GLDM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GLDM as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GLDM turned negative on December 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

GLDM moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GLDM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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GLDM
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
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General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Focused
Address
World Currency Gold Trustc/o WGC USA Asset ManagementNew York
Phone
(212) 317-3800
Web
http://www.spdrgoldshares.com/