Technical Analysis for GOLY - Strategy Shares Gold-Hedged Bond ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Strong | N/A | Up | Up |
Date | Alert Name | Type | % Chg |
---|---|---|---|
20 DMA Resistance | Bearish | 0.00% | |
Narrow Range Bar | Range Contraction | 0.00% | |
Gapped Up | Strength | 0.00% | |
Up 3 Days in a Row | Strength | 0.00% | |
Narrow Range Bar | Range Contraction | 1.22% | |
Stochastic Reached Oversold | Weakness | 1.22% | |
Strong but Oversold | Other | 1.22% | |
Gapped Up | Strength | 1.22% | |
Oversold Stochastic | Weakness | 1.22% | |
Narrow Range Bar | Range Contraction | 1.57% |
Alert | Time |
---|---|
60 Minute Opening Range Breakdown | about 5 hours ago |
Gapped Up (Full) | about 10 hours ago |
Rose Above Previous Day's High | about 10 hours ago |
Rose Above 10 DMA | about 10 hours ago |
Up 1% | about 10 hours ago |
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Strategy Shares Gold-Hedged Bond ETF Description
GOLY aims to use gold as a potential hedge during times of inflation for a bond investment. The fund's underlying index, rebalanced monthly, combines two indexes. One tracks the USD-denominated investment grade corporate bond sector, while the other tracks the performance return of the near-month gold futures contracts listed on the Chicago Mercantile Exchange. The fund tracks the bond index through a representative sampling strategy and total return swaps. It also utilizes total return swaps to gain exposure to the gold hedge index through a Cayman Islands Subsidiary. The fund invests approximately 80-90% of its assets in bonds and 10-20% in gold. The notional value of the gold futures, reset monthly, is designed to be equivalent to the dollar exposure of the fund's bond component. The objective is to generate income and maintain consistent purchasing power. There is no guarantee, however, that the price of gold will move as expected relative to the US dollar. Before February 1, 2024, the fund traded under the ticker GLDB.
Classification
Keywords: Passive Management Swaps Futures Markets Total Return Swap Notional Amount
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 22.6226 |
52 Week Low | 19.1658 |
Average Volume | 6,984 |
200-Day Moving Average | 0.00 |
50-Day Moving Average | 21.42 |
20-Day Moving Average | 22.19 |
10-Day Moving Average | 21.93 |
Average True Range | 0.22 |
RSI (14) | 55.56 |
ADX | 25.69 |
+DI | 32.99 |
-DI | 33.31 |
Chandelier Exit (Long, 3 ATRs) | 21.97 |
Chandelier Exit (Short, 3 ATRs) | 22.24 |
Upper Bollinger Bands | 22.76 |
Lower Bollinger Band | 21.61 |
Percent B (%b) | 0.45 |
BandWidth | 5.17 |
MACD Line | 0.12 |
MACD Signal Line | 0.21 |
MACD Histogram | -0.0953 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 22.25 | ||||
Resistance 3 (R3) | 22.26 | 22.23 | 22.23 | ||
Resistance 2 (R2) | 22.23 | 22.20 | 22.23 | 22.22 | |
Resistance 1 (R1) | 22.18 | 22.18 | 22.17 | 22.17 | 22.22 |
Pivot Point | 22.15 | 22.15 | 22.14 | 22.15 | 22.15 |
Support 1 (S1) | 22.10 | 22.12 | 22.09 | 22.09 | 22.04 |
Support 2 (S2) | 22.07 | 22.10 | 22.07 | 22.04 | |
Support 3 (S3) | 22.02 | 22.07 | 22.03 | ||
Support 4 (S4) | 22.01 |