SGOL Stock abrdn Physical Gold Shares ETF (SGOL, $22.54) entered Uptrend as Momentum indicator ascends above 0 level on May 28, 2024

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SGOL - abrdn Physical Gold Shares ETF

Momentum signal

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Odds of UP Trend

Price: $22.54

Daily change: +$0.24 (+1.08%)

Daily volume: 2.3M

Net Assets: $3.2B

SGOL's RSI Oscillator descends into oversold zone

The RSI Oscillator for SGOL moved into overbought territory on November 13, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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.

SGOL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 303 cases where SGOL 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 November 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SGOL as a result. In of 91 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 SGOL turned negative on November 01, 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

SGOL moved below its 50-day moving average on November 11, 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 SGOL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .