GOAU Stock US Global GO GOLD and Prec Mtl Mnrs ETF (GOAU, $22.19) Moving Average Convergence Divergence (MACD) Histogram turned positive on October 16, 2024
Momentum Indicator for GOAU turns positive, indicating new upward trend
GOAU saw its Momentum Indicator move above the 0 level on October 14, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned positive. In of the 92 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for GOAU just turned positive on October 16, 2024. Looking at past instances where GOAU's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
GOAU moved above its 50-day moving average on October 10, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GOAU crossed bullishly above the 50-day moving average on September 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOAU advanced for three days, in of 297 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 237 cases where GOAU 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 RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOAU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GOAU broke above its upper Bollinger Band on October 17, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category PreciousMetals