GLOBAL X GOLD PRO INDX (GLDX.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GLDX - CA37965M1068 - ETF
Taking everything into account, GLDX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GLDX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: GLDX has an average volume of 8332 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GLDX did better than 88% of all other stocks. We also observe that the gains produced by GLDX over the past year are nicely spread over this period.
- GLDX 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 GLDX has a been trading in the 48.73 - 58.49 range, which is quite wide. It is currently trading near the high of this range.
- GLDX is part of the Metals & Mining industry. There are 817 other stocks in this industry, GLDX did better than 67% of them.
Although GLDX 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
37.47
When analyzing the support we can see 4 important areas.
- Support @52.47 from a trend line in the daily time frame.
- A support zone ranging from 49.40 to 50.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.52 from a horizontal line in the daily time frame.
- Support @37.85 from a trend line 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 | UP | POSITIVE | The long term trend for GLDX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLDX.CA is up. |
| ChartMill Relative Strength | 88.72 | POSITIVE | GLDX.CA has a high relative strength, it outperformed 88.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLDX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLDX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLDX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.47 | OVERBOUGHT | The high RSI value suggests GLDX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests GLDX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.9 | OVERBOUGHT | The high Stochastics value suggests GLDX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for GLDX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for GLDX.CA suggests a possible start of a new trend. |
TSX-V:GLDX (1/19/2026, 7:00:00 PM)
58.09
+1.17 (+2.06%)
GLOBAL X GOLD PRO INDX / GLDX.CA FAQ
Can you provide the ChartMill technical rating for GLOBAL X GOLD PRO INDX?
ChartMill assigns a technical rating of 10 / 10 to GLDX.CA.
What is the current trend direction of GLOBAL X GOLD PRO INDX (GLDX.CA) stock?
The current trend direction for GLOBAL X GOLD PRO INDX (GLDX.CA) is Bullish.
What is the RSI signal for GLDX stock?
GLOBAL X GOLD PRO INDX (GLDX.CA) has an RSI value of 72.4717. This indicates that the stock is currently overbought.
What is the buy/sell signal for GLOBAL X GOLD PRO INDX (GLDX.CA) stock?
The buy/sell signal for GLOBAL X GOLD PRO INDX (GLDX.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GLDX stock?
GLOBAL X GOLD PRO INDX (GLDX.CA) has a support level at 52.47. Check the full technical report for our detailed analysis of GLDX.CA support and resistance levels.