The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Market Vectors Gold Miners
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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
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It was a first positive week for the Market Vectors Gold Miners (GDX). During the week, the GDX gained 1.11 points, or 5.81%, and closed at 20.21 on Friday, December 07, 2018. Weekly volume was 31% above average.

Long-term trend: [See GDX long-term trend chart]
A long-term downtrend had started on February 8, 2017 at 25.71 and reached 17.28 on September 11, 2018. GDX lost 8.43 points, or 32.79%, in 82 weeks. The price is now at the 34.76% retracement level.

Medium-term trend: [See GDX medium-term trend chart]
A medium-term downtrend had started on April 18, 2018 at 23.31 and reached 17.28 on September 11, 2018. GDX lost 6.03 points, or 25.87%, in 20 weeks. The price is now at the 48.59% 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 October 19, 2018. 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 October 23, 2018 at 20.51 and reached 18.26 on November 13, 2018. GDX lost 2.25 points, or 10.97%, in 21 days. The price is now at the 86.67% retracement level.

Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.30
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 68.29
Greed/Fear Indicator (GFI) 70.62
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.66
Williams' Percentage Range (W%R) 44.00
Lane's Stochastic (%D-Slow) 55.05
Greed/Fear Indicator (GFI) 56.23
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Price 20.21
Upper Bollinger Band 20.19
Daily Stochastic Crossing 19.97
Weekly Stochastic Crossing 19.42
50 Day Moving Average 19.27
20 Day Moving Average 19.27
Parabolic System 18.77
Lower Bollinger Band 18.60
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.51
High Date 10/23/2018
Low 18.26
Low Date 11/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.31
High Date 04/18/2018
Low 17.28
Low Date 09/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.71
High Date 02/08/2017
Low 17.28
Low Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.79
High Date 08/11/2016
Low 17.28
Low Date 09/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.40
Low Date 01/19/2016
High 31.79
High Date 08/11/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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