GLD Stock SPDR® Gold Shares (GLD, $249.84) entered Uptrend as Momentum indicator ascends above 0 level on Nov 22, 2024

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GLD - SPDR® Gold Shares

Momentum signal

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Odds of UP Trend

Price: $249.84

Daily change: +$3.18 (+1.29%)

Daily volume: 7M

Net Assets: $76.1B

GLD's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for GLD turned positive on November 22, 2024. Looking at past instances where GLD's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GLD's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 22, 2024. You may want to consider a long position or call options on GLD as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

GLD moved above its 50-day moving average on November 21, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GLD advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

GLD 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 293 cases where GLD 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 Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 10-day moving average for GLD crossed bearishly below the 50-day moving average on November 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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