VANECK GOLD MINERS UCITS ETF (GDX.MI) Stock Technical Analysis
BIT:GDX - Euronext Milan - IE00BQQP9F84 - ETF - Currency: EUR
Taking everything into account, GDX scores 9 out of 10 in our technical rating. In the last year, GDX was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: GDX has an average volume of 21969 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GDX is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by GDX over the past year are nicely spread over this period.
GDX is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GDX slightly outperforms the market at the moment.
In the last month GDX has a been trading in the 41.67 - 46.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, GDX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.78, a Stop Loss order could be placed below this zone.
More info and screens
35.45
46.27
We found 5 important support areas.
- A support zone ranging from 41.77 to 42.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.59 from a trend line in the weekly time frame.
- Support @38.28 from a trend line in the weekly time frame.
- A support zone ranging from 36.55 to 37.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.85 to 45.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.2
Mansfield0.91
10 Day High44.46
10 Day Low41.67
20 Day High46.06
20 Day Low41.67
52 Week High46.06
52 Week Low28.03
Performance
1 Week1.11%
2 Weeks-3.48%
1 Month-4.44%
3 Month8.11%
6 Month10.68%
12 Month53.15%
2 Year30.26%
3 Year13.69%
5 Year82.65%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.28
RSI(14)48.58
LBB41.69
UBB45.36
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 |
|---|---|---|---|
| 44.47 | 41.76 | 2.71 (6.09%) | 16.41% |
| An entry @44.47. This is a Buy Stop order right above the 10 day high. | An exit @41.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.71 points, which is 6.09%. | For a 1.00% total portfolio risk, you can invest 16.41% of your capital in this trade. |
- 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.
BIT:GDX (3/7/2025, 7:00:00 PM)
42.85
-0.57 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.32%
1 Week1.11%
2 Weeks-3.48%
1 Month-4.44%
3 Month8.11%
6 Month10.68%
12 Month53.15%
2 Year30.26%
3 Year13.69%
5 Year82.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%2.61%
ATR Inc-21%
Range Today1
ADR(20)0.96
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.2
Mansfield0.91
10 Day High44.46
10 Day Low41.67
20 Day High46.06
20 Day Low41.67
52 Week High46.06
52 Week Low28.03
CS1 End42.78
CR1 Start44.85
Volume & EV
DER(3)-0.02%
DER(5)-0.02%
Volume32.71K
Volume Incr-6.84%
Vol(5)23.08K
Vol(50)21.97K