| GDX latest price $33.8400 (3.23%) ($32.7900 - $33.9900) on Fri. Apr. 5, 2024. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 74 |
Latest Price | $33.8400(3.23%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | GDX advances 1.4% a day on average for past five trading days. |
Weekly Trend | GDX advances 5.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support GDX advance at 0% a week (0% probability) GDXJ(98%) GLD(74%) XLE(58%) IVE(46%) SPY(44%) |
Factors Impacting GDX price | GDX will decline at least -1.025% in a week (0% probabilities). UUP(-45%) VXX(-1%) VIXM(8%) TLT(11%) SMH(24%) |
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 | 1.6 () |
Intraday Trend | 2.5% |
| |
|
|