VANECK JUNIOR GOLD MINERS (GDXJ) Stock Technical Analysis
NYSEARCA:GDXJ - NYSE Arca - US92189F7915 - ETF - Currency: USD
Taking everything into account, GDXJ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GDXJ 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, GDXJ did better than 94% of all other stocks. We also observe that the gains produced by GDXJ over the past year are nicely spread over this period.
GDXJ is one of the better performing stocks in the Automobile Components industry, it outperforms 92% of 81 stocks in the same industry.
GDXJ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GDXJ is leading the market.
In the last month GDXJ has a been trading in the 57.40 - 65.01 range, which is quite wide. It is currently trading near the high of this range.
GDXJ has an average volume of 5900110 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 GDXJ has an excellent technical rating, the quality of the presented setup is not ideal 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
41.43
65.79
6 important support areas can be observed.
- A support zone ranging from 57.87 to 61.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.41 from a trend line in the daily time frame.
- Support @48.17 from a trend line in the weekly time frame.
- Support @43.95 from a trend line in the weekly time frame.
- Support @42.62 from a horizontal line in the daily time frame.
- Support @41.85 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.68 to 65.14. 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 | UP | POSITIVE | The long term trend for GDXJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDXJ is up. |
| ChartMill Relative Strength | 94.04 | POSITIVE | GDXJ has a high relative strength, it outperformed 94.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDXJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDXJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDXJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.99 | NEUTRAL | The RSI value for GDXJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests GDXJ has a positive trend. |
| Stochastics (14,3) | 82.5 | OVERBOUGHT | The high Stochastics value suggests GDXJ may be overbought. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for GDXJ suggests some volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for GDXJ suggests a weak or negative 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)
64.67
+1.85 (+2.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg2.94%
1 Week10.15%
2 Weeks0.53%
1 Month5.95%
3 Month28.39%
6 Month33.78%
12 Month45%
2 Year74.12%
3 Year64.93%
5 Year40.34%
10 Year151.83%
15 Year-40.45%
Volatility
ATR(14)2.15
ATR(20)%3.18%
ATR Inc-24.63%
Range Today1.44
ADR(20)1.47
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.04
Mansfield2.81
10 Day High65.01
10 Day Low57.4
20 Day High65.01
20 Day Low57.4
52 Week High66.8
52 Week Low40.26
CS1 End61.16
CR1 Start64.68
Volume & EV
DER(3)-5.01%
DER(5)-1.61%
Volume6.01M
Volume Incr-13.43%
Vol(5)5.41M
Vol(50)5.90M