VANECK GOLD MINERS ETF (GDX)
US92189F1066 - ETF
We assign a technical rating of 8 out of 10 to GDX. Although GDX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
GDX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GDX is performing more or less in line with the market.
GDX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GDX has an average volume of 27992300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GDX did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, GDX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 33.76, a Stop Loss order could be placed below this zone.
More info and screens
25.65
34.41
We found 4 important support areas.
- A support zone ranging from 33.69 to 33.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @29.06 from a horizontal line in the daily time frame.
- A support zone ranging from 26.99 to 27.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @25.91 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.33
Mansfield0.48
10 Day High35.74
10 Day Low32.43
20 Day High35.74
20 Day Low29.59
52 Week High36.26
52 Week Low25.62
Performance
1 Week0.92%
2 Weeks0.68%
1 Month13.72%
3 Month23.04%
6 Month15.57%
12 Month1.37%
2 Year-2.63%
3 Year-0.84%
5 Year63.09%
10 Year41.31%
15 Year3.52%
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)
Technical Indicators
MACD(12,26,9)-0.07
RSI(14)65.28
LBB32.5
UBB34.62
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 |
|---|---|---|---|
| 35.75 | 33.68 | 2.07 (5.80%) | 17.23% |
| An entry @35.75. This is a Buy Stop order right above the 10 day high. | An exit @33.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.07 points, which is 5.80%. | For a 1.00% total portfolio risk, you can invest 17.23% of your capital in this trade. |
- 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.
VANECK GOLD MINERS ETF
NYSEARCA:GDX (4/19/2024, 7:04:00 PM)
After market: 34.1 +0.03 (+0.09%)34.07
+0.32 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.95%
1 Week0.92%
2 Weeks0.68%
1 Month13.72%
3 Month23.04%
6 Month15.57%
12 Month1.37%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1
ATR(20)%2.75%
ATR Inc
Range Today0.61
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.74
10 Day Low32.43
20 Day High35.74
20 Day Low29.59
52 Week High36.26
52 Week Low25.62
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume19.79M
Volume Incr-11.09%
Vol(5)26.65M
Vol(50)27.99M