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Bond & REIT ETFs Technical Analysis - GDXArchive
- 10/9/2026 -
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Market Vectors Gold Miners (GDX) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week after 6 consecutive negative weeks for the Market Vectors Gold Miners (GDX). During the week, the GDX gained 1.50 points, or 1.71%, and closed at 89.28 on Friday, October 9, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -31% below average.
 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 price is now at the 41.19% retracement level.
 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 price is now at the 45.62% retracement level.
 Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly technical indicators are neutral.
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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 84.36 on October 7, 2026. GDX lost 21.31 points, or 20.17%, in 43 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (82.96) 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 short-term trend.
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 August 31, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (89.7) comes close to the price (89.28). It indicates that the trend is getting weaker. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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