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Archive
- 9/4/2026 -
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Market Vectors Gold Miners (GDX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Market Vectors Gold Miners (GDX). During the week, the GDX gave back -0.39 points, or -0.39%, and closed at 99.26 on Friday, September 4, 2026. GDX was trading at average weekly trading volume.
 Long-term trend: [See GDX long-term trend chart]
A long-term downtrend had started on March 2, 2026 at 117.18 and reached 69.74 on July 17, 2026. GDX lost 47.44 points, or 40.48%, in 19 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (65.85) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See GDX medium-term trend chart]
A medium-term uptrend had started on July 17, 2026 at 69.74 and reached 105.67 on August 25, 2026. GDX gained -35.93 points, or -51.52%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (98.05) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See GDX short-term trend chart]
A short-term downtrend had started on August 25, 2026 at 105.67 and reached 94.49 on September 1, 2026. GDX lost 11.18 points, or 10.58%, in 7 days. The price is now at the 42.67% 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 below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
94.49 |
| Low Date |
09/01/2026 |
| High |
101.71 |
| High Date |
09/03/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
105.67 |
| High Date |
08/25/2026 |
| Low |
94.49 |
| Low Date |
09/01/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
113.68 |
| Support |
98.05 |
| Low |
69.74 |
| Low Date |
07/17/2026 |
| High |
105.67 |
| High Date |
08/25/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
58.93 |
| Support |
65.85 |
| High |
117.18 |
| High Date |
03/02/2026 |
| Low |
69.74 |
| Low Date |
07/17/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
21.52 |
| Low Date |
09/26/2022 |
| High |
117.18 |
| High Date |
03/02/2026 |
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