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Uptrend ExhaustionArchive
- 4/17/2025 -
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Market Vectors Gold Miners (GDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Market Vectors Gold Miners (GDX). During the week, the GDX gained 1.22 points, or 2.45%, and closed at 50.92 on Thursday, April 17, 2025. Weekly volume was 22% above average.
 Long-term trend: [See GDX long-term trend chart]
A long-term uptrend had started on October 4, 2023 at 25.62 and reached 52.81 on April 16, 2025. GDX gained -27.19 points, or -106.13%, in 80 weeks. The price is now at the 6.95% retracement level.
 Medium-term trend: [See GDX medium-term trend chart]
A medium-term uptrend had started on December 30, 2024 at 33.42 and reached 52.81 on April 16, 2025. GDX gained -19.39 points, or -58.02%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (43.18) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 February 7, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 uptrend had started on February 28, 2025 at 38.58 and reached 52.81 on April 16, 2025. GDX gained -14.23 points, or -36.88%, in 47 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (51.58). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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