BETAPRO CANADIAN GOLD MINERS (GDXU.CA) Stock Technical Analysis
TSX:GDXU - Toronto Stock Exchange - CA08661V1040 - ETF - Currency: CAD
We assign a technical rating of 6 out of 10 to GDXU. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GDXU is a bad performer.
GDXU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.61, a Stop Loss order could be placed below this zone.
More info and screens
37.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 39.47 to 40.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 37.55 to 37.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 42.53 to 42.89. 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 GDXU.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GDXU.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | GDXU.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDXU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDXU.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.09 | NEUTRAL | The RSI value for GDXU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GDXU.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.02 | NEUTRAL | The Stochastics value for GDXU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for GDXU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.22 | NEGATIVE | The low ADX value for GDXU.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.90 | 39.46 | 3.44 (8.02%) | 12.47% |
| An entry @42.90. This is a Buy Stop order right above the resistance zone. | An exit @39.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.44 points, which is 8.02%. | When investing 12.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:GDXU (7/29/2025, 7:00:00 PM)
41.12
+1.18 (+2.95%)