Sign In to see current Signals.
Market Vectors Gold Miners
Move cursor over the icon to see details.
|It was a first positive week for the Market Vectors Gold Miners (GDX). During the week, the GDX gained 1.16 points, or 5.43%, and closed at 22.51 on Friday, February 16, 2018. It was the best weekly gain since September 1, 2017. Weekly volume was 23% above average. |
Long-term trend: [See GDX long-term trend chart]
A long-term downtrend had started on August 11, 2016 at 31.79 and reached 18.58 on December 20, 2016. GDX lost 13.21 points, or 41.55%, in 18 weeks. The price is now at the 29.75% retracement level.
Medium-term trend: [See GDX medium-term trend chart]
A medium-term uptrend had started on December 20, 2016 at 18.58 and reached 25.71 on February 8, 2017. GDX gained -7.13 points, or -38.37%, in 7 weeks. The price is now at the 44.88% retracement level.
Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See GDX short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 20.83 and reached 23.15 on February 14, 2018. GDX gained -2.32 points, or -11.14%, in 5 days. The price is now at the 27.59% retracement level.
Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since January 29, 2018. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.