The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Market Vectors Gold Miners
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldMACD bullish divergence
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It was the negative week for the Market Vectors Gold Miners (GDX). During the week, the GDX dropped -0.60 points, or -2.84%, and closed at 20.56 on Friday, August 10, 2018. Weekly volume was -21% below 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 20.51 on August 10, 2018. GDX lost 5.20 points, or 20.23%, in 78 weeks. Price is near the trend low.

Medium-term trend: [See GDX medium-term trend chart]
A medium-term downtrend had started on April 18, 2018 at 23.31 and reached 20.51 on August 10, 2018. GDX lost 2.80 points, or 12.01%, in 16 weeks. Price is near the trend low.

Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since July 13, 2018. This is an indication that the medium-term trend is down. 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 July 9, 2018 at 22.93 and reached 20.51 on August 10, 2018. GDX lost 2.42 points, or 10.55%, in 32 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since July 12, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.76
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 8.03
Strong Oversold
Greed/Fear Indicator (GFI) 17.51
Oversold
Moving Average Converg./Diverg. (MACD) -0.31 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.05
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 14.21
Oversold
Greed/Fear Indicator (GFI) 20.51
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Upper Bollinger Band 22.10
50 Day Moving Average 21.88
20 Day Moving Average 21.29
Parabolic System 21.04
Weekly Stochastic Crossing 20.71
Daily Stochastic Crossing 20.59
Price 20.56
Lower Bollinger Band 20.41
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 22.93
High Date 07/09/2018
Low 20.51
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.31
High Date 04/18/2018
Low 20.51
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.71
High Date 02/08/2017
Low 20.51
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.79
High Date 08/11/2016
Low 18.58
Low Date 12/20/2016
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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