MICROSECTORS GOLD MINERS -3X (GDXD) Stock Technical Analysis
NYSEARCA:GDXD • US06367V7091
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than GDXD.
- GDXD is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month GDXD has a been trading in the 32.41 - 58.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- GDXD has an average volume of 8849120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GDXD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
31.92
When analyzing the support we notice one important area.
- A support zone ranging from 32.24 to 32.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @35.63 from a trend line in the daily 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 | 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 | 0.47 | NEGATIVE | GDXD has a low relative strength, it was outperformed by 99.53% 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) | 36.53 | NEUTRAL | The RSI value for GDXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests GDXD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 3.86 | OVERSOLD | The low Stochastics value suggests GDXD may be oversold. |
| Average True Range in percent/ATR (20) | 21.94 | HIGH VOLATILITY | The high ATR as a percentage value for GDXD suggests high volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for GDXD suggests a possible start of a new trend. |
32.43
-2.37 (-6.81%)
MICROSECTORS GOLD MINERS -3X / GDXD FAQ
What is the ChartMill technical rating of MICROSECTORS GOLD MINERS -3X (GDXD) stock?
ChartMill assigns a technical rating of 0 / 10 to GDXD.
What is the trend direction for GDXD stock?
The current trend direction for MICROSECTORS GOLD MINERS -3X (GDXD) is Bearish.
What is the RSI signal for GDXD stock?
MICROSECTORS GOLD MINERS -3X (GDXD) has an RSI value of 36.5341. This indicates that the stock is currently neutral.
What is the short term momentum for MICROSECTORS GOLD MINERS -3X (GDXD) stock?
The short term momentum for MICROSECTORS GOLD MINERS -3X (GDXD) is negative.
What is the support and resistance level for GDXD stock?
MICROSECTORS GOLD MINERS -3X (GDXD) has a support level at 32.42 and a resistance level at 35.63. Check the full technical report for our detailed analysis of GDXD support and resistance levels.