VANECK GOLD MINERS ETF (GDX) Technical Analysis
NYSEARCA:GDX • US92189F1066
Current stock price
GDX Technical Rating and Analysis
Overall GDX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GDX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GDX is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by GDX over the past year are nicely spread over this period.
- GDX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GDX is lagging the market slightly.
- In the last month GDX has a been trading in the 78.74 - 101.37 range, which is quite wide. It is currently trading near the high of this range.
- GDX has an average volume of 30952200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
GDX Weekly and Daily overview Charts
GDX Setup Rating and Analysis
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
GDX Support and Resistance Analysis
78.37
3 important support areas can be observed.
- A support zone ranging from 93.82 to 94.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.42 to 82.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.16 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 99.40 to 99.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
GDX Technical Indicator Signal Analysis
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDX is up. |
| ChartMill Relative Strength | 90.2 | POSITIVE | GDX has a high relative strength, it outperformed 90.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GDX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.78 | NEUTRAL | The RSI value for GDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.82 | POSITIVE | The MACD value suggests GDX has a positive trend. |
| Stochastics (14,3) | 87.65 | OVERBOUGHT | The high Stochastics value suggests GDX may be overbought. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for GDX suggests some volalility. |
| Average Directional Index/ADX (14) | 23 | NEUTRAL | The ADX value for GDX suggests a possible start of a new trend. |
GDX Chart- and CandleStick Pattern Analysis
GDX Technicals: Chart, Performance Metrics, Trend & Indicators
99.39
+1.04 (+1.06%)
VANECK GOLD MINERS ETF / GDX TA FAQ
Can you provide the ChartMill technical rating for VANECK GOLD MINERS ETF?
ChartMill assigns a technical rating of 9 / 10 to GDX.
Can you provide the trend direction for VANECK GOLD MINERS ETF?
The current trend direction for VANECK GOLD MINERS ETF (GDX) is Bullish.
Can you provide the RSI signal for VANECK GOLD MINERS ETF?
VANECK GOLD MINERS ETF (GDX) has an RSI value of 57.7793. This indicates that the stock is currently neutral.
What is the short term momentum for VANECK GOLD MINERS ETF (GDX) stock?
The short term momentum for VANECK GOLD MINERS ETF (GDX) is positive.
What is the buy/sell signal for GDX stock?
The buy/sell signal for VANECK GOLD MINERS ETF (GDX) is buy as both the short term and long term trends are positive.