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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 28 Jun 2017NoneBearish EngulfingWed, 14 Jun 20170.95%
***Stock database and scans are updated around midnight (New York time) every trading day.
22.43 0.00 (0%) Jun 28 4:00pm EDT
Open: 22.37 Range: 22.15 - 22.47 Vol: 30.35M Avg Vol: 56.13M
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 22.40
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 22.78
Last Trade is below the 50 day moving average at 22.83
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 23.26
* 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 downtrend and it has traded about 59% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 56.1M 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 also in a trading range but however with a slight bullish bias. GDX may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a long term downtrend with the 200 SMA currently at 23.26. Technically, there is very little reason to recommend a buy on this counter. 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 - Wed, 28 Jun 2017
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