VANECK GOLD MINERS ETF (GDX) Stock Technical Analysis
NYSEARCA:GDX - US92189F1066 - ETF
66.34 USD
+1.77 (+2.74%)
66.28 USD
-0.06 (-0.09%)
Taking everything into account, GDX scores 10 out of 10 in our technical rating. 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.
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.
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 56.34 - 66.87 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GDX has an average volume of 19137500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
33.08
67.00
We found 7 important support areas.
- A support zone ranging from 60.46 to 61.18. 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 55.95 to 56.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.55 from a trend line in the daily time frame.
- Support @51.43 from a horizontal line in the daily time frame.
- Support @40.48 from a trend line in the weekly time frame.
- Support @35.35 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 | 92.16 | POSITIVE | GDX has a high relative strength, it outperformed 92.16% 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) | 78.63 | OVERBOUGHT | The high RSI value suggests GDX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests GDX has a positive trend. |
| Stochastics (14,3) | 91.5 | OVERBOUGHT | The high Stochastics value suggests GDX may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for GDX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.23 | 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)
66.34
+1.77 (+2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.74%
1 Week8.17%
2 Weeks11.89%
1 Month14.5%
3 Month28.52%
6 Month59.32%
12 Month82.65%
2 Year146.53%
3 Year175.04%
5 Year69.41%
10 Year382.82%
15 Year18.61%
Volatility
ATR(14)1.46
ATR(20)%2.06%
ATR Inc31.55%
Range Today1.71
ADR(20)1.27
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.16
Mansfield3.41
10 Day High66.87
10 Day Low58.38
20 Day High66.87
20 Day Low56.34
52 Week High66.87
52 Week Low33.42
CS1 End61.18
CR1 StartN/A
Volume & EV
DER(3)-1.48%
DER(5)-0.17%
Volume31.72M
Volume Incr74.11%
Vol(5)28.83M
Vol(50)19.14M