YLDMAX GOLD MIN OP IN ST ETF (GDXY) Stock Technical Analysis
NYSEARCA:GDXY • US88634T8817
We assign a technical rating of 3 out of 10 to GDXY. GDXY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, GDXY outperforms 65% of them, which is more or less in line with the market.
- GDXY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GDXY is lagging the market.
- In the last month GDXY has a been trading in the 15.58 - 18.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, GDXY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GDXY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.24
5 important support areas can be observed.
- A support zone ranging from 16.62 to 17.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.58 to 15.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.12 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.74 to 14.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.10 to 18.15. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for GDXY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GDXY is neutral. |
| ChartMill Relative Strength | 65.08 | NEUTRAL | GDXY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GDXY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDXY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDXY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.42 | NEUTRAL | The RSI value for GDXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GDXY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.2 | NEUTRAL | The Stochastics value for GDXY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for GDXY suggests some volalility. |
| Average Directional Index/ADX (14) | 12.25 | NEGATIVE | The low ADX value for GDXY suggests a weak or negative trend. |
17.17
+0.27 (+1.6%)
YLDMAX GOLD MIN OP IN ST ETF / GDXY FAQ
What is the technical rating for GDXY stock?
ChartMill assigns a technical rating of 3 / 10 to GDXY.
Can you provide the trend direction for YLDMAX GOLD MIN OP IN ST ETF?
The current trend direction for YLDMAX GOLD MIN OP IN ST ETF (GDXY) is Bearish.
What is the RSI signal for GDXY stock?
YLDMAX GOLD MIN OP IN ST ETF (GDXY) has an RSI value of 52.4209. This indicates that the stock is currently neutral.
What is the support and resistance level for GDXY stock?
YLDMAX GOLD MIN OP IN ST ETF (GDXY) has a support level at 17.05 and a resistance level at 18.1. Check the full technical report for our detailed analysis of GDXY support and resistance levels.