SGOL Stock Summary and Trading Ideas (Abrdn Physical Gold Shares ETF | ARCA:SGOL)

abrdn Physical Gold Shares ETF is designed to offer investors a simple cost-efficient and secure way to access the precious metals market. SGOL is intended to provide investors with a return equivalent to movements in the gold spot price less fees.

Abrdn Physical Gold Shares ETF trades on the ARCA stock market under the symbol SGOL.

As of April 23, 2024, SGOL stock price declined to $22.20 with 4,020,095 million shares trading.

SGOL has a beta of -0.02, meaning it tends to be less sensitive to market movements. SGOL has a correlation of 0.00 to the broad based SPY ETF.

SGOL has a market cap of $3.13 billion. This is considered a Mid Cap stock.

In the last 3 years, SGOL stock traded as high as $23.24 and as low as $15.50.

SGOL stock has underperformed the market in the last year with a return of +16.9%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SGOL shares. However, SGOL has outperformed the market in the last 3 month and 2 week periods, returning +15.0% and -0.7%, while SPY returned +4.9% and -2.5%, respectively. This indicates SGOL has been having a stronger performance recently.

SGOL support price is $22.03 and resistance is $22.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SGOL stock will trade within this expected range on the day.