GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023
Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts
What do Technical Indicators say on the Daily Chart?
- RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅
- MACD is trending up and in buy mode, confirming Moment
Key stats
About VanEck Gold Miners ETF
Home page
Inception date
May 16, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189F1066
GDX is one of the most popular funds in the global gold-mining segment, a trading powerhouse with deep primary, secondary and derivatives markets. Following a 2013 overhaul of the fund`s index, GDX is no longer limited to US-listed firms, nor does it filter out firms that have hedged their gold exposure with derivatives. In addition, it includes firms mining other precious metals in addition to gold, so it`s not entirely pure-play gold miners. GDX includes all the major names, but the fund`s broader take on the gold-mining space means that the big firms get less weight than in our neutral benchmark. As an industry benchmark, GDX falls a bit short, but it's still hugely popular.
Related funds
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
GDX- BIG BULL OPPORTUNITY!GDX (VanEck Gold Miners ETF)
INVESTMENT CALL📈
Attached: Monthly Chart as of 7th April 2023
(Technical Analysis self explanatory as annotated✍️ in the Chart)
CMP= ~34
Upside Targets🎯:
T1= 40 +
T2= 60 +
T3= $100...
Stop Loss:
SL is Not Needed but just for the sake of it one can keep it below La
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GDX trades at 66.34 USD today, its price has risen 2.74% in the past 24 hours. Track more dynamics on GDX price chart.
GDX net asset value is 66.30 today — it's risen 17.58% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GDX assets under management is 19.31 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GDX price has risen by 17.44% over the last month, and its yearly performance shows a 76.16% increase. See more dynamics on GDX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 17.58% over the last month, showed a 27.99% increase in three-month performance and has increased by 81.63% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 17.58% over the last month, showed a 27.99% increase in three-month performance and has increased by 81.63% in a year.
GDX fund flows account for −3.37 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GDX invests in stocks. See more details in our Analysis section.
GDX expense ratio is 0.51%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GDX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GDX technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GDX shows the strong buy signal. See more of GDX technicals for a more comprehensive analysis.
Today, GDX technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GDX shows the strong buy signal. See more of GDX technicals for a more comprehensive analysis.
Yes, GDX pays dividends to its holders with the dividend yield of 0.62%.
GDX trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GDX shares are issued by Van Eck Associates Corp.
GDX follows the NYSE Arca Gold Miners. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 16, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.