Stock Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
VANECK VECTORS GOLD MINERS ETF (PACF:GDX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GDX
The long term trend has been DOWN since Feb 9th, 2018 at 21.27
The intermediate term trend has been DOWN since Jul 17th, 2018 at 21.77
The short term trend has been UP since Sep 12th, 2018 at 18.01
Smart Scan Analysis for GDX
Based on a pre-defined weighted trend formula for chart analysis, GDX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||24.86||Year High Date||2018-01-25|
|Year Low||17.28||Year Low Date||2018-09-11|
|52wk High||24.86||52wk High Date||2018-01-25|
|52wk Low||17.28||52wk Low Date||2018-09-11|
|Year End Close||46.39||Average Volume||45,392,039|