The Greedy Trader Weekly Analysis
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Archive
- 2/1/2019
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Market Vectors Gold Miners
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Market Vectors Gold Miners (GDX). During the week, the GDX gained 1.40 points, or 6.61%, and closed at 22.57 on Friday, February 1, 2019. Weekly volume was 28% 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. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See GDX medium-term trend chart]
A medium-term uptrend had started on September 11, 2018 at 17.28 and reached 22.69 on January 31, 2019. GDX gained -5.41 points, or -31.31%, in 20 weeks. Price is near the trend high.

Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since October 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See GDX short-term trend chart]
A short-term uptrend had started on January 22, 2019 at 20.22 and reached 22.69 on January 31, 2019. GDX gained -2.47 points, or -12.22%, in 9 days. Price is near the trend high.

Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.98
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 95.26
Strong Overbought
Greed/Fear Indicator (GFI) 86.92
Overbought
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.71
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 83.13
Overbought
Greed/Fear Indicator (GFI) 79.59
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Upper Bollinger Band 22.64
Price 22.57
Daily Stochastic Crossing 22.56
Weekly Stochastic Crossing 22.13
Parabolic System 21.20
20 Day Moving Average 21.17
50 Day Moving Average 20.54
Lower Bollinger Band 19.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20.22
Low Date 01/22/2019
High 22.69
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.22
Low Date 01/22/2019
High 22.69
High Date 01/31/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.28
Low Date 09/11/2018
High 22.69
High Date 01/31/2019
Quarterly Trend
Yearly Trend
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
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
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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