ETP. ETFS GOLD - Daily - Technical analysis published on 01/19/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 227.620 AUD
My targets
217.080 AUD (-2.64%)
199.216 AUD (-10.65%)
My analysis
The bearish trend is currently very strong for ETP. ETFS GOLD. As long as the price remains below the resistance at 227.620 AUD, you could try to take advantage of the bearish rally. The first bearish objective is located at 217.080 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 199.216 AUD as an objective. Crossing it would then enable sellers to target 176.465 AUD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by knhassan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETP. ETFS GOLD rating 222.970 AUD. On the day, this instrument gained +0.27% and was between 222.660 AUD and 223.960 AUD. This implies that the price is at +0.14% from its lowest and at -0.44% from its highest.222.660
223.960
222.970
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETP. ETFS GOLD:
Technical
Technical analysis of ETP. ETFS GOLD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 176.465 | 199.216 | 217.080 | 222.970 | 227.620 | 235.710 | 246.232 |
| Change (%) | -20.86% | -10.65% | -2.64% | - | +2.09% | +5.71% | +10.43% |
| Change | -46.505 | -23.754 | -5.890 | - | +4.650 | +12.740 | +23.262 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 221.050 | 221.510 | 222.380 | 222.840 | 223.710 | 224.170 | 225.040 |
| Camarilla | 222.884 | 223.006 | 223.128 | 223.250 | 223.372 | 223.494 | 223.616 |
| Woodie | 221.255 | 221.613 | 222.585 | 222.943 | 223.915 | 224.273 | 225.245 |
| Fibonacci | 221.510 | 222.018 | 222.332 | 222.840 | 223.348 | 223.662 | 224.170 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.210 | 218.410 | 220.830 | 223.030 | 225.450 | 227.650 | 230.070 |
| Camarilla | 221.980 | 222.403 | 222.827 | 223.250 | 223.674 | 224.097 | 224.521 |
| Woodie | 216.320 | 218.465 | 220.940 | 223.085 | 225.560 | 227.705 | 230.180 |
| Fibonacci | 218.410 | 220.175 | 221.265 | 223.030 | 224.795 | 225.885 | 227.650 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 210.870 | 218.360 | 224.180 | 231.670 | 237.490 | 244.980 | 250.800 |
| Camarilla | 226.340 | 227.560 | 228.780 | 230.000 | 231.220 | 232.440 | 233.660 |
| Woodie | 210.035 | 217.943 | 223.345 | 231.253 | 236.655 | 244.563 | 249.965 |
| Fibonacci | 218.360 | 223.444 | 226.586 | 231.670 | 236.754 | 239.896 | 244.980 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.67 | |
| MACD (12,26,9): | -2.9600 | |
| Directional Movement: | -24.689 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 224.525 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.210 | |
| Elder Ray (13): | -5.824 | |
| Super Trend (3,10): | 229.868 | |
| Zig ZAG (10): | 222.360 | |
| VORTEX (21): | 0.8380 | |
| Stochastique (14,3,5): | 14.19 | |
| TEMA (21): | 223.850 | |
| Williams %R (14): | -82.04 | |
| Chande Momentum Oscillator (20): | -7.950 | |
| Repulse (5,40,3): | 1.4130 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1260 | |
| Courbe Coppock: | 6.25 |
| MA7: | 224.250 | |
| MA20: | 229.695 | |
| MA50: | 233.314 | |
| MA100: | 241.528 | |
| MAexp7: | 224.582 | |
| MAexp20: | 228.183 | |
| MAexp50: | 233.243 | |
| MAexp100: | 237.927 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -2.93% | |
| Price / MA50: | -4.43% | |
| Price / MA100: | -7.68% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -2.28% | |
| Price / MAexp50: | -4.40% | |
| Price / MAexp100: | -6.29% |
Quotes :
2021-01-19 00:00:00
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End-of-day data
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Australia Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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