The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 6/20/2025 -
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Market Vectors Gold Miners (GDX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 53.58
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Market Vectors Gold Miners (GDX). During the week, the GDX dropped -2.17 points, or -3.98%, and closed at 52.29 on Friday, June 20, 2025. Weekly volume was -18% below average.

Long-term trend: [See GDX long-term trend chart]
A long-term uptrend had started on October 4, 2023 at 25.62 and reached 54.70 on June 13, 2025. GDX gained -29.08 points, or -113.51%, in 88 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (53.58). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See GDX medium-term trend chart]
A medium-term uptrend had started on December 30, 2024 at 33.42 and reached 54.70 on June 13, 2025. GDX gained -21.28 points, or -63.67%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 48.30 and resistance is at 63.36. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 7, 2025. This is an indication that the medium-term trend is up. 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 May 14, 2025 at 45.10 and reached 54.70 on June 13, 2025. GDX gained -9.60 points, or -21.29%, in 30 days. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (53.46) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

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

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.88
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 62.63
Greed/Fear Indicator (GFI) 62.00
Moving Average Converg./Diverg. (MACD) 1.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.84
Williams' Percentage Range (W%R) 11.50
Overbought
Lane's Stochastic (%D-Slow) 78.46
Greed/Fear Indicator (GFI) 74.37
Moving Average Converg./Diverg. (MACD) 2.91
Trading Signals
Description Value Chart
Upper Bollinger Band 54.85
Weekly Trendline Resistance 54.75
Parabolic System 54.04
Quarterly Trendline Resistance 53.58
Weekly Trendline Support 53.46
Weekly Stochastic Crossing 53.14
Daily Stochastic Crossing 53.09
Price 52.29
20 Day Moving Average 52.07
50 Day Moving Average 50.06
Lower Bollinger Band 48.90
Monthly Trendline Support 48.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.12
Low Date 06/10/2025
High 54.70
High Date 06/13/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 54.75
Support 53.46
Low 45.10
Low Date 05/14/2025
High 54.70
High Date 06/13/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 63.36
Support 48.30
Low 33.42
Low Date 12/30/2024
High 54.70
High Date 06/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 53.58
Support 36.06
Low 25.62
Low Date 10/04/2023
High 54.70
High Date 06/13/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.52
Low Date 09/26/2022
High 54.70
High Date 06/13/2025
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.