| GDX latest price $33.6000 (-0.71%) ($33.3000 - $34.2700) on Mon. Apr. 8, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 74 |
Latest Price | $33.6000(-0.71%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | GDX advances 0.9% a day on average for past five trading days. |
Weekly Trend | GDX advances 5.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support GDX advance at 0% a week (0% probability) GDXJ(98%) GLD(74%) XLE(54%) SPY(39%) IVE(36%) |
Factors Impacting GDX price | GDX will decline at least -1.025% in a week (0% probabilities). UUP(-50%) VXX(1%) TLT(2%) VIXM(11%) XBI(17%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.025% (StdDev 2.05%) |
Hourly BBV | 0.6 () |
Intraday Trend | -1.6% |
| |
|
|