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Archive
- 6/5/2026 -
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Market Vectors Gold Miners (GDX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Market Vectors Gold Miners (GDX). During the week, the GDX dropped -10.65 points, or -11.90%, and closed at 78.84 on Friday, June 5, 2026. It was the worst weekly loss since March 20, 2026. GDX was trading at average weekly trading volume.
 Long-term trend: [See GDX long-term trend chart]
A long-term uptrend had started on September 26, 2022 at 21.52 and reached 117.18 on March 2, 2026. GDX gained -95.66 points, or -444.52%, in 179 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (34.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See GDX medium-term trend chart]
A medium-term downtrend had started on March 2, 2026 at 117.18 and reached 78.74 on March 20, 2026. GDX lost 38.44 points, or 32.80%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (90.61) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 29, 2026 at 90.36 and reached 78.78 on June 5, 2026. GDX lost 11.58 points, or 12.82%, in 7 days. Price is near the trend low.
 Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 2, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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