pool adsVaneck Vectors Gold Miners Etf $GDX Technical Update
The Vaneck Vectors Gold Miners Etf (NYSE: GDX) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for GDX, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here: Free Trial.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Neutral |
| P1 | 0 | 0 | 31.26 |
| P2 | 35.10 | 35.57 | 35.14 |
| P3 | 35.44 | 36.88 | 39.23 |
Support and Resistance Plot Chart for GDX
Long Term Trading Plans for GDX
April 28, 2021, 11:07 pm ET
The Technical Summary and Trading Plans for GDX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GDX Report.
GDX - (Long) Support Plan
The technical summary data tells us to buy GDX near 35.14 with an upside target of 39.23. This data also tells us to set a stop loss @ 35.04 to protect against excessive loss in case the stock begins to move against the trade. 35.14 is the first level of support below 35.45 , and by rule, any test of support is a buy signal. In this case, support 35.14 is being tested, a buy signal would exist.
GDX - (Short) Resistance Plan
The technical summary data is suggesting a short of GDX as it gets near 39.23 with a downside target of 35.14. We should have a stop loss in place at 39.34 though. 39.23 is the first level of resistance above 35.45, and by rule, any test of resistance is a short signal. In this case, if resistance 39.23 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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