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VanEck Vectors Gold Miners ETF Forecast NYSEARCA:GDX

$31.65 (-2.10%)

Volume: 29M

Closed: Jan 21, 2022

Hollow Logo Score: -1.440

VanEck Vectors Gold Miners ETF Forecast

$31.65 (-2.10%)

Volume: 29M

Closed: Jan 21, 2022

Score Hollow Logo -1.440
Which way will GDX go? Request
Key Stats
Beta 0.63
Trailing Dividend Rate 1.65% ($0.53)
Next Dividend Date Dec 28, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 48 and the ETF is currently not being overbought or oversold

VanEck Vectors Gold Miners ETF price down 2.1% on Friday
(Updated on Jan 21, 2022)

Sell candidate since 2022-01-20 Loss -2.10% PDF

The VanEck Vectors Gold Miners ETF price fell by -2.10% on the last day (Friday, 21st Jan 2022) from $32.33 to $31.65. and has now fallen 3 days in a row. During the day the ETF fluctuated 3.57% from a day low at $31.48 to a day high of $32.61. The price has been going up and down for this period, and there has been a 6.35% gain for the last 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 29 million shares were bought and sold for approximately $920.19 million.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -7.37% during the next 3 months and, with a 90% probability hold a price between $26.07 and $30.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, January 19, 2022, and so far it has fallen -3.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The VanEck Vectors Gold Miners ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.62 and $30.98. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss

VanEck Vectors Gold Miners finds support from accumulated volume at $30.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.13 (3.57%) between high and low. For the last week, the ETF has had a daily average volatility of 3.37%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is VanEck Vectors Gold Miners ETF ETF A Buy?

VanEck Vectors Gold Miners holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.440

Sell Candidate Unchanged

Predicted Opening Price for VanEck Vectors Gold Miners ETF of Monday, January 24, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 24, 2022 Current price
$31.91 $31.65 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 3.37 %
Overall Risk: Very High High Medium Low Very Low
3.37 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $31.71
Price: $31.65
Support: $30.65

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 33.04 4.38 %
32.61 3.02 %
32.34 2.18 %
Current price: 31.65
Support 31.48 -0.53 %
31.22 -1.37 %
30.79 -2.73 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 33.91 7.14 %
32.79 3.60 %
31.71 0.19 %
Current price 31.65
Support 30.65 -3.15%
30.51 -3.60%
29.19 -7.77%

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About VanEck Vectors Gold Miners ETF

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Gold Miners Index®. The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for g... Read more

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