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. 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.
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 90% 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 part of the Automobile Components industry. There are 80 other stocks in this industry. GDXJ outperforms 84% of them.
A new 52 week high is currently being made by GDXJ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month GDXJ has a been trading in the 63.90 - 74.22 range, which is quite wide. It is currently trading near the high of this range.
GDXJ has an average volume of 4254130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GDXJ has an excellent technical rating, it does not present a decent entry opportunity 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
74.63
When analyzing the support we can see 5 important areas.
- A support zone ranging from 64.22 to 66.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.37 from a trend line in the daily time frame.
- Support @51.10 from a trend line in the weekly time frame.
- Support @44.46 from a trend line in the weekly time frame.
- Support @41.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 73.89 to 73.89. 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 | 90.72 | POSITIVE | GDXJ has a high relative strength, it outperformed 90.72% 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) | 66.89 | NEUTRAL | The RSI value for GDXJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests GDXJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.73 | OVERBOUGHT | The high Stochastics value suggests GDXJ may be overbought. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for GDXJ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.93 | 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)
73.88
+1.11 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.53%
1 Week2.28%
2 Weeks13.61%
1 Month11.62%
3 Month25.84%
6 Month45.78%
12 Month58.78%
2 Year105.28%
3 Year149.51%
5 Year22.74%
10 Year263.4%
15 Year-39.12%
Volatility
ATR(14)1.72
ATR(20)%2.47%
ATR Inc-12.9%
Range Today1.65
ADR(20)1.56
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.72
Mansfield2.21
10 Day High74.22
10 Day Low66.24
20 Day High74.22
20 Day Low63.9
52 Week High74.22
52 Week Low41.85
CS1 End66.15
CR1 Start73.89
Volume & EV
DER(3)-0.91%
DER(5)0.96%
Volume4.05M
Volume Incr-24.06%
Vol(5)3.52M
Vol(50)4.25M