VanEck Gold Miners ETF (GDX)

VanEck Gold Miners ETF is trading at $77.09, down 5.21% on the session. The 50 day average sits at $92.09 and the 200 day at $90.71, which puts the stock in a uptrend. RSI is at 39.2, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $78.92 with resistance near $89.63, so that band frames the current range. Average daily movement is roughly $2.89, or about 3.7% of the share price, which is what any stop placement has to allow for. The overall health score of 43 out of 100 combines a trend score of 41, momentum of 26 and a risk score of 68.

The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is a modified capitalization weighted, float-adjusted index comprised of publicly traded companies primarily involved in the gold and silver mining industry. The fund is non-diversified.