VANECK GOLD MINERS UCITS ETF (GDX.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:GDX - IE00BQQP9F84 - ETF
Overall GDX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GDX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GDX is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by GDX over the past year are nicely spread over this period.
- A new 52 week high is currently being made by GDX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GDX has a been trading in the 80.37 - 102.64 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GDX has an excellent technical rating, it does not offer a high quality setup 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
60.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 83.22 to 84.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.36 to 81.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.44 from a trend line in the weekly 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 GDX.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDX.MI is up. |
| ChartMill Relative Strength | 97.18 | POSITIVE | GDX.MI has a high relative strength, it outperformed 97.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDX.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDX.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDX.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.07 | OVERBOUGHT | The high RSI value suggests GDX.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests GDX.MI has a positive trend. |
| Stochastics (14,3) | 94.54 | OVERBOUGHT | The high Stochastics value suggests GDX.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for GDX.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 29 | POSITIVE | The high ADX value value for GDX.MI suggests a strong trend. |
BIT:GDX (1/23/2026, 5:27:22 PM)
102.64
+1.22 (+1.2%)
VANECK GOLD MINERS UCITS ETF / GDX.MI FAQ
Can you provide the ChartMill technical rating for VANECK GOLD MINERS UCITS ETF?
ChartMill assigns a technical rating of 10 / 10 to GDX.MI.
Can you provide the trend direction for VANECK GOLD MINERS UCITS ETF?
The current trend direction for VANECK GOLD MINERS UCITS ETF (GDX.MI) is Bullish.
What is the RSI signal for VANECK GOLD MINERS UCITS ETF (GDX.MI) stock?
VANECK GOLD MINERS UCITS ETF (GDX.MI) has an RSI value of 80.0697. This indicates that the stock is currently overbought.
What is the MACD signal for VANECK GOLD MINERS UCITS ETF (GDX.MI) stock?
The MACD indicator for VANECK GOLD MINERS UCITS ETF (GDX.MI) has a value of 0.857612, indicating a bearish trend.
What are the support and resistance levels for VANECK GOLD MINERS UCITS ETF (GDX.MI) stock?
VANECK GOLD MINERS UCITS ETF (GDX.MI) has a support level at 84.84. Check the full technical report for our detailed analysis of GDX.MI support and resistance levels.