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Market Vectors Gold Miners ETF (GDX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneHanging ManThu, 10 Aug 2017-0.65%
***Stock database and scans are updated around midnight (New York time) every trading day.
23.31 0.00 (0%) Aug 21 4:00pm EDT
Open: 23.02 Range: 23.01 - 23.31 Vol: 45.54M Avg Vol: 44.43M
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "GDX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 22.89
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 22.69
Last Trade is above the 50 day moving average at 22.32
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 22.54
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GDX

ETF Trend Analysis - Buy, Sell or Hold "Market Vectors Gold Miners ETF" (GDX)?

GDX is in a long term trading range with a downward bias. This stock has traded about 71% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 44.4M shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is slightly bullish and is also in a trading range. Buyers have to be cautious as the longer and medium term uptrends are still not very convincing. Objectively however, dips should still be bought but buyers have to be very selective in choosing a level to scale in e.g. near the 200 day SMA currently at 22.54. A range trading strategy rather than a trend following strategy, may be more appropriate in this scenario. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GDX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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