Technical Analysis for HGY - Horizons Gold Yield ETF

Grade Last Price % Change Price Change
B 10.530 -0.09% -0.010
HGY closed down 0.09 percent on Wednesday, April 24, 2024, on 14 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Strong but Oversold Other 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 20 DMA Bearish -0.09%
Gapped Down Weakness -0.09%
MACD Bearish Signal Line Cross Bearish -0.19%

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Profile

The fund are to provide Unitholders with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less the ETF’s fees and expenses; (ii) tax-efficient monthly distributions; and (iii) in order to mitigate downside risk and generate income, exposure to a covered call option writing strategy. It seeks to achieve its investment objectives by investing, either directly or indirectly, in a portfolio of securities and other instruments that provide exposure to the price of gold bullion (the “Gold Portfolio”).The Gold Portfolio is comprised primarily of exchange-traded funds, which may or may not be managed by the Manager or its affiliates, that are directly or indirectly, and only, exposed to gold bullion but may include gold futures contracts from time to time.
Classification

Keywords: Gold Etf Chemistry Physical Sciences Chemical Elements Exchange Traded Fund Precious Metals Dow Financial Risk Covered Call Bullion Tax Futures Contract Writing Gold As An Investment

Is HGY a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 10.9
52 Week Low 8.98
Average Volume 9,655
200-Day Moving Average 9.741
50-Day Moving Average 10.169
20-Day Moving Average 10.570
10-Day Moving Average 10.686
Average True Range 0.096
RSI (14) 53.49
ADX 45.58
+DI 34.440
-DI 26.437
Chandelier Exit (Long, 3 ATRs) 10.611
Chandelier Exit (Short, 3 ATRs) 10.399
Upper Bollinger Bands 10.930
Lower Bollinger Band 10.210
Percent B (%b) 0.44
BandWidth 6.816
MACD Line 0.134
MACD Signal Line 0.170
MACD Histogram -0.0356
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.605
Resistance 3 (R3) 10.603 10.577 10.593
Resistance 2 (R2) 10.577 10.558 10.578 10.588
Resistance 1 (R1) 10.553 10.546 10.565 10.555 10.584
Pivot Point 10.527 10.527 10.533 10.528 10.527
Support 1 (S1) 10.503 10.508 10.515 10.505 10.476
Support 2 (S2) 10.477 10.496 10.478 10.472
Support 3 (S3) 10.453 10.477 10.468
Support 4 (S4) 10.455