Technical Analysis for HGD - Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF

Grade Last Price % Change Price Change
A 7.480 6.86% 0.480
HGD closed up 5.26 percent on Tuesday, September 26, 2023, on 1.44 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 6.86%
Upper Bollinger Band Walk Strength 6.86%
BB Squeeze Ended Range Expansion 6.86%
Above Upper BB Strength 6.86%
Gapped Up Strength 6.86%
Overbought Stochastic Strength 6.86%
Up 3 Days in a Row Strength 6.86%
Up 4 Days in a Row Strength 6.86%
Upper Bollinger Band Touch Strength 6.86%
MACD Bullish Centerline Cross Bullish 12.48%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Up 2 ATRs about 1 hour ago
Up 5% about 3 hours ago
Up 1 ATR about 4 hours ago
Rose Above Previous Day's High about 5 hours ago
3x Volume Pace about 5 hours ago

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Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF Description

Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF (the ETF) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavor to correspond to two times (200%) the daily performance of the S&P/TSX Global Gold Index. In order to achieve its objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. Assets not invested in financial instruments or equity securities may be invested in debt instruments or money market instruments with a term not to exceed 365 days, or reverse repurchase agreements with a term not to exceed 30 days. The ETF will typically use the price of the S&P/TSX Global Gold Index as the reference for its daily investment objective. The Manager and Trustee of the ETF is BetaPro Management Inc. JovInvestment Management Inc. is the Investment Manager. ProShare Advisors LLC acts as the Sub-Advisor to the ETF.


Keywords: Gold Exchange Traded Funds Etf Financial Markets Financial Debt Investment Management S&P S&P/Tsx Composite Index Beta S&P 500 Index CBOE Transaction Cost Advisors Tsx Toronto Stock Exchange 300 Composite Index Money Market Financial Instrument

Is HGD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 10.42
52 Week Low 4.26
Average Volume 168,162
200-Day Moving Average 5.949
50-Day Moving Average 6.274
20-Day Moving Average 6.298
10-Day Moving Average 6.344
Average True Range 0.253
RSI (14) 66.44
ADX 13.54
+DI 36.917
-DI 17.683
Chandelier Exit (Long, 3 ATRs) 6.262
Chandelier Exit (Short, 3 ATRs) 6.608
Upper Bollinger Bands 6.797
Lower Bollinger Band 5.798
Percent B (%b) 1.2
BandWidth 15.870
MACD Line 0.071
MACD Signal Line 0.004
MACD Histogram 0.0672
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.465
Resistance 3 (R3) 7.420 7.220 7.388
Resistance 2 (R2) 7.220 7.102 7.243 7.362
Resistance 1 (R1) 7.110 7.028 7.165 7.155 7.336
Pivot Point 6.910 6.910 6.938 6.933 6.910
Support 1 (S1) 6.800 6.792 6.855 6.845 6.664
Support 2 (S2) 6.600 6.718 6.623 6.638
Support 3 (S3) 6.490 6.600 6.613
Support 4 (S4) 6.535