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.
GDX has an excellent technical rating, but the quality of the setup is only medium 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.
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33.08
We found 5 important support areas.
- A support zone ranging from 76.34 to 77.98. 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 72.06 to 73.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.83 from a trend line in the weekly time frame.
- Support @42.72 from a trend line in the weekly time frame.
- Support @33.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.23 to 84.44. 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 | 95.34 | POSITIVE | GDX has a high relative strength, it outperformed 95.34% 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) | 59.19 | NEUTRAL | The RSI value for GDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests GDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.22 | NEUTRAL | The Stochastics value for GDX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GDX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for GDX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 84.45 | 76.33 | 8.12 (9.62%) | 10.40% |
| An entry @84.45. This is a Buy Stop order right above the resistance zone. | An exit @76.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.12 points, which is 9.62%. | When investing 10.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
81.03
-0.36 (-0.44%)
VANECK GOLD MINERS ETF / GDX FAQ
Can you provide the ChartMill technical rating for VANECK GOLD MINERS ETF?
ChartMill assigns a technical rating of 10 / 10 to GDX.
What is the current trend direction of VANECK GOLD MINERS ETF (GDX) stock?
The current trend direction for VANECK GOLD MINERS ETF (GDX) is Bullish.
What is the RSI signal for VANECK GOLD MINERS ETF (GDX) stock?
VANECK GOLD MINERS ETF (GDX) has an RSI value of 59.1922. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VANECK GOLD MINERS ETF?
The short term momentum for VANECK GOLD MINERS ETF (GDX) is positive.
Can you provide the support and resistance levels for VANECK GOLD MINERS ETF?
VANECK GOLD MINERS ETF (GDX) has a support level at 77.98 and a resistance level at 83.23. Check the full technical report for our detailed analysis of GDX support and resistance levels.