Technical Analysis for GDX - Market Vectors Gold Miners ETF

Grade Last Price % Change Price Change
B 29.74 -0.50% -0.15
GDX closed down 0.5 percent on Monday, March 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Multiple of Ten Bearish Other -0.50%
Overbought Stochastic Strength -0.50%
Cup with Handle Other -0.50%
Multiple of Ten Bearish Other -0.50%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 10 hours ago
Possible Inside Day about 10 hours ago
10 DMA Support about 15 hours ago
Fell Below Previous Day's Low 4 days ago
Possible NR7 4 days ago

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Profile

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts of companies involved in the gold mining industry. Such companies may include medium-capitalization companies and foreign issuers. The fund normally invests at least 80% of its total assets in securities that comprise the Gold Miners Index. It may also utilize convertible securities and participation notes to seek performance that corresponds to the Gold Miners Index. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Stock Market Index Stock Fund American Depositary Receipt Gold Mining Gold Mining Industry Nyse Arca Gold Miners Index

Top 10 Components

Symbol Grade Price % Change Allocation
NEM C 1.59 12.22
GOLD F -0.74 8.66
GFI C -1.84 4.82
RGLD F -1.21 3.18
HMY B -2.08 2.07
BVN B -0.51 1.83
HL C -1.83 1.17
IAG C -2.60 0.64
CDE C -3.99 0.54
FSM B -2.62 0.45

Is GDX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 35.6692
52 Week Low 25.206
Average Volume 23,660,959
200-Day Moving Average 28.86
50-Day Moving Average 28.04
20-Day Moving Average 28.17
10-Day Moving Average 29.66
Average True Range 0.70
RSI (14) 61.09
ADX 30.44
+DI 35.59
-DI 13.37
Chandelier Exit (Long, 3 ATRs) 28.39
Chandelier Exit (Short, 3 ATRs) 27.76
Upper Bollinger Bands 31.39
Lower Bollinger Band 24.96
Percent B (%b) 0.74
BandWidth 22.84
MACD Line 0.68
MACD Signal Line 0.43
MACD Histogram 0.2448
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.14
Resistance 3 (R3) 30.15 30.04 30.07
Resistance 2 (R2) 30.04 29.94 30.03 30.05
Resistance 1 (R1) 29.89 29.87 29.83 29.87 30.03
Pivot Point 29.77 29.77 29.74 29.76 29.77
Support 1 (S1) 29.62 29.67 29.57 29.61 29.45
Support 2 (S2) 29.51 29.61 29.50 29.43
Support 3 (S3) 29.36 29.51 29.41
Support 4 (S4) 29.34