MICROSECTORS GOLD MINERS 3X (GDXU) Technical Analysis
NYSEARCA:GDXU • US0636795421
Taking everything into account, GDXU scores 7 out of 10 in our technical rating. In the last year, GDXU was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month GDXU has a been trading in the 256.66 - 495.00 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.
- When comparing the yearly performance of all stocks, we notice that GDXU is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, GDXU also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- GDXU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GDXU is lagging the market.
Although GDXU has an excellent technical rating, it does not offer a high quality setup 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
293.49
We found 2 important support areas.
- A support zone ranging from 304.98 to 304.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @296.45 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 305.00 to 305.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @462.94 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 | UP | POSITIVE | The long term trend for GDXU is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDXU is down. |
| ChartMill Relative Strength | 99.14 | POSITIVE | GDXU has a high relative strength, it outperformed 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GDXU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GDXU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDXU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.96 | NEUTRAL | The RSI value for GDXU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -12.81 | NEGATIVE | The MACD value suggests GDXU has a negative trend. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for GDXU is a neutral value. |
| Average True Range in percent/ATR (20) | 17.39 | HIGH VOLATILITY | The high ATR as a percentage value for GDXU suggests high volalility. |
| Average Directional Index/ADX (14) | 20.15 | NEUTRAL | The ADX value for GDXU suggests a possible start of a new trend. |
GDXU Technicals: Chart, Performance Metrics, Trend & Indicators
304.99
-21.02 (-6.45%)
MICROSECTORS GOLD MINERS 3X / GDXU FAQ
What is the technical rating for GDXU stock?
ChartMill assigns a technical rating of 7 / 10 to GDXU.
Can you provide the trend direction for MICROSECTORS GOLD MINERS 3X?
The current trend direction for MICROSECTORS GOLD MINERS 3X (GDXU) is Bullish.
What is the RSI signal for MICROSECTORS GOLD MINERS 3X (GDXU) stock?
MICROSECTORS GOLD MINERS 3X (GDXU) has an RSI value of 42.9555. This indicates that the stock is currently neutral.
What is the MACD signal for MICROSECTORS GOLD MINERS 3X (GDXU) stock?
The MACD indicator for MICROSECTORS GOLD MINERS 3X (GDXU) has a value of -12.8135, indicating a bearish trend.
What is the buy/sell signal for MICROSECTORS GOLD MINERS 3X (GDXU) stock?
The buy/sell signal for MICROSECTORS GOLD MINERS 3X (GDXU) is hold as the short term and long term trends are mixed.