Trading Vaneck Junior Gold Miners Etf $GDXJ With Integrated Risk Controls
May 14, 2023, 22:30 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GDXJ
- Buy GDXJ slightly over 38.09 target n/a stop loss @ 37.98. Details
The technical summary data tells us to buy GDXJ near 38.09, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 37.98 to protect against excessive loss in case the stock begins to move against the trade. 38.09 is the first level of support below 39.97, and by rule, any test of support is a buy signal. In this case, if support 38.09 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for GDXJ
- Buy GDXJ slightly over 40.74, target 42.62, Stop Loss @ 40.62 Details
If 40.74 begins to break higher, the technical summary data tells us to buy GDXJ just slightly over 40.74, with an upside target of 42.62. The data also tells us to set a stop loss @ 40.62 in case the stock turns against the trade. 40.74 is the first level of resistance above 39.97, and by rule, any break above resistance is a buy signal. In this case, 40.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GDXJ slightly near 40.74, target 38.09, Stop Loss @ 40.86. Details
The technical summary data is suggesting a short of GDXJ if it tests 40.74 with a downside target of 38.09. We should have a stop loss in place at 40.86 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GDXJ
- Buy GDXJ slightly over 40.89, target 42.62, Stop Loss @ 40.79 Details
If 40.89 begins to break higher, the technical summary data tells us to buy GDXJ just slightly over 40.89, with an upside target of 42.62. The data also tells us to set a stop loss @ 40.79 in case the stock turns against the trade. 40.89 is the first level of resistance above 39.97, and by rule, any break above resistance is a buy signal. In this case, 40.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GDXJ slightly near 40.89, target 39.71, Stop Loss @ 40.99. Details
The technical summary data is suggesting a short of GDXJ if it tests 40.89 with a downside target of 39.71. We should have a stop loss in place at 40.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Vaneck Junior Gold Miners Etf (GDXJ) available here: GDXJ.
GDXJ Ratings for May 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
25.64 |
| P2 |
39.71 |
40.74 |
31.83 |
| P3 |
40.89 |
42.62 |
38.09 |
AI Generated Signals for GDXJ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GDXJ:
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