MICROSECTORS GOLD MINERS -3X (GDXD) Stock Technical Analysis
NYSEARCA:GDXD - NYSE Arca - US06367V6002 - ETF - Currency: USD
Overall GDXD gets a technical rating of 0 out of 10. GDXD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GDXD is a bad performer in the overall market: 100% of all stocks are doing better.
GDXD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
GDXD has an average volume of 9545260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GDXD has a been trading in the 2.70 - 3.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GDXD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for GDXD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.92
3.39
3 important resistance areas can be observed.
- Resistance @2.99 from a trend line in the daily time frame.
- A resistance zone ranging from 3.09 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.36 to 3.36. 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 | DOWN | NEGATIVE | The long term trend for GDXD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDXD is down. |
| ChartMill Relative Strength | 0.8 | NEGATIVE | GDXD has a low relative strength, it was outperformed by 99.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GDXD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GDXD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GDXD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.38 | NEUTRAL | The RSI value for GDXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GDXD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.57 | NEUTRAL | The Stochastics value for GDXD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for GDXD suggests high volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for GDXD suggests a possible start of a new 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)
2.95
-0.03 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.01%
1 Week-3.28%
2 Weeks-0.34%
1 Month-0.34%
3 Month-63.58%
6 Month-80.81%
12 Month-84.37%
2 Year-94.04%
3 Year-98.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%7.26%
ATR Inc-26.64%
Range Today0.14
ADR(20)0.18
ADR(20)%6.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.8
Mansfield-7.47
10 Day High3.43
10 Day Low2.86
20 Day High3.43
20 Day Low2.7
52 Week High22.61
52 Week Low2.7
CS1 EndN/A
CR1 Start2.99
Volume & EV
DER(3)3.38%
DER(5)1.29%
Volume5.82M
Volume Incr-19.45%
Vol(5)9.04M
Vol(50)9.55M