VANECK GOLD MINERS ETF (GDX) Stock Technical Analysis
USA - NYSEARCA:GDX - US92189F1066 - ETF
77.1 USD
-0.03 (-0.04%)
76.95 USD
-0.15 (-0.19%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GDX did better than 94% of all other 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 65.16 - 78.32 range, which is quite wide. It is currently trading near the high of this range.
GDX has an average volume of 20711700 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, 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
33.08
77.87
We found 5 important support areas.
- Support @68.66 from a horizontal line in the daily time frame.
- Support @57.32 from a trend line in the daily time frame.
- Support @51.43 from a horizontal line in the daily time frame.
- Support @41.17 from a trend line in the weekly time frame.
- Support @33.41 from a horizontal 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDX is up. |
| ChartMill Relative Strength | 94.06 | POSITIVE | GDX has a high relative strength, it outperformed 94.06% 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) | 79.11 | OVERBOUGHT | The high RSI value suggests GDX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests GDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.14 | OVERBOUGHT | The high Stochastics value suggests GDX may be overbought. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for GDX suggests some volalility. |
| Average Directional Index/ADX (14) | 48.68 | 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)
77.1
-0.03 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week5.43%
2 Weeks12.08%
1 Month19.41%
3 Month45.72%
6 Month84.98%
12 Month94.94%
2 Year175.26%
3 Year219.12%
5 Year105.66%
10 Year415.37%
15 Year34.56%
Volatility
ATR(14)2.15
ATR(20)%2.53%
ATR Inc50.98%
Range Today4.22
ADR(20)1.8
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.06
Mansfield4.49
10 Day High78.32
10 Day Low68.89
20 Day High78.32
20 Day Low65.16
52 Week High78.32
52 Week Low33.42
CS1 End68.66
CR1 StartN/A
Volume & EV
DER(3)2.44%
DER(5)2.5%
Volume41.79M
Volume Incr9.37%
Vol(5)26.22M
Vol(50)20.71M