VANECK GOLD MINERS ETF (GDX) Stock Technical Analysis
NYSEARCA:GDX - NYSE Arca - US92189F1066 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to GDX. 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 92% of all stocks. On top of that, GDX also shows a nice and consistent pattern of rising prices.
GDX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GDX is leading the market.
In the last month GDX has a been trading in the 47.26 - 54.70 range, which is quite wide. It is currently trading near the high of this range.
GDX has an average volume of 24207300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GDX 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
33.08
55.01
We found 6 important support areas.
- A support zone ranging from 52.85 to 53.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 49.18 to 49.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.32 from a horizontal line in the weekly time frame.
- Support @45.54 from a horizontal line in the daily time frame.
- Support @38.58 from a trend line in the weekly time frame.
- Support @33.41 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 54.47 to 54.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.5 | POSITIVE | GDX has a high relative strength, it outperformed 92.5% 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) | UP | POSITIVE | The current price of GDX is above the rising 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) | 60.36 | NEUTRAL | The RSI value for GDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.84 | OVERBOUGHT | The high Stochastics value suggests GDX may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for GDX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for GDX suggests a strong 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)
53.51
-0.04 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.07%
1 Week4.04%
2 Weeks0.79%
1 Month13.03%
3 Month20.25%
6 Month54.07%
12 Month57.43%
2 Year77.72%
3 Year95.43%
5 Year45.88%
10 Year201.3%
15 Year2.98%
Volatility
ATR(14)1.32
ATR(20)%2.36%
ATR Inc-27.36%
Range Today0.95
ADR(20)1.06
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.5
Mansfield2.45
10 Day High54.7
10 Day Low51.12
20 Day High54.7
20 Day Low47.26
52 Week High54.7
52 Week Low33.28
CS1 End53.06
CR1 Start54.47
Volume & EV
DER(3)-1.87%
DER(5)0.19%
Volume13.37M
Volume Incr-14.73%
Vol(5)18.70M
Vol(50)24.21M