GDXJ Technical Analysis - VANECK JUNIOR GOLD MINERS

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to GDXJ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GDXJ is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, GDXJ did better than 94% of all other stocks. On top of that, GDXJ also shows a nice and consistent pattern of rising prices.

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 however is also trading near new highs, which makes the performance in line with the market.

In the last month GDXJ has a been trading in the 85.11 - 101.36 range, which is quite wide. It is currently trading near the high of this range.

GDXJ has an average volume of 5125330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

VANECK JUNIOR GOLD MINERS / GDXJ Weekly stock chart

VANECK JUNIOR GOLD MINERS / GDXJ Daily stock chart

Setup Rating and Analysis

GDXJ has an excellent technical rating, but the quality of the setup is only medium 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

41.43

100.74

We found 5 important support areas.

A support zone ranging from 96.13 to 96.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @87.57 from a horizontal line in the daily time frame.
A support zone ranging from 71.41 to 72.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @52.80 from a trend line in the weekly time frame.
Support @41.85 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	94.29	POSITIVE	GDXJ has a high relative strength, it outperformed 94.29% 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)	76.83	OVERBOUGHT	The high RSI value suggests GDXJ may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests GDXJ has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90	OVERBOUGHT	The high Stochastics value suggests GDXJ may be overbought.
Average True Range in percent/ATR (20)	2.81	MEDIUM VOLATILITY	The ATR as a percentage value for GDXJ suggests some volalility.
Average Directional Index/ADX (14)	44.99	POSITIVE	The high ADX value value for GDXJ suggests a strong trend.