GLOBAL X COPPER MINERS ETF (COPX) Stock Technical Analysis
NYSEARCA:COPX - NYSE Arca - US37954Y8306 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to COPX. Although COPX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month COPX has a been trading in the 38.28 - 42.10 range, which is quite wide. It is currently trading near the high of this range.
COPX has an average volume of 1470670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, COPX outperforms 40% of them, which is more or less in line with the market.
COPX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COPX is lagging the market slightly.
Although COPX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
31.78
43.76
We found 3 important support areas.
- A support zone ranging from 41.05 to 41.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.80 from a horizontal line in the daily time frame.
- Support @32.10 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @42.07 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 42.90 to 43.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for COPX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COPX is up. |
| ChartMill Relative Strength | 40.37 | NEUTRAL | COPX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COPX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COPX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.25 | NEUTRAL | The RSI value for COPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests COPX has a positive trend. |
| Stochastics (14,3) | 89.63 | OVERBOUGHT | The high Stochastics value suggests COPX may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for COPX suggests low volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for COPX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:COPX (6/3/2025, 8:04:03 PM)
42.06
+0.14 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.33%
1 Week1.52%
2 Weeks5.33%
1 Month9.08%
3 Month5.28%
6 Month0.19%
12 Month-7.48%
2 Year11.71%
3 Year38.45%
5 Year138.44%
10 Year104.08%
15 Year34.94%
Volatility
ATR(14)0.75
ATR(20)%1.91%
ATR Inc0.68%
Range Today0.65
ADR(20)0.66
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.37
Mansfield-0.32
10 Day High42.1
10 Day Low39.71
20 Day High42.1
20 Day Low38.28
52 Week High48.96
52 Week Low30.77
CS1 End41.68
CR1 Start42.07
Volume & EV
DER(3)-0.74%
DER(5)-1.04%
Volume751.00K
Volume Incr-20.36%
Vol(5)1.04M
Vol(50)1.47M