GDXD Stock MicroSectors™ Gold Mns 3X Inv Lvrgd ETN (GDXD, $15.37) entered Downtrend as Momentum indicator drops below 0 level on Jan 03, 2025

GET DAILY SIGNALS

Get AI intraday signals

GDXD - MicroSectors™ Gold Mns 3X Inv Lvrgd ETN

Momentum signal

View

Odds of DOWN Trend

Price: $15.37

Daily change: +$0.47 (+3.15%)

Daily volume: 347K

Net Assets: $59.8M

GDXD's RSI Indicator peaks and leaves overbought zone

The 10-day RSI Oscillator for GDXD moved out of overbought territory on December 31, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 instances where the indicator moved out of the overbought zone. In of the 24 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 03, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on GDXD as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GDXD turned negative on January 03, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GDXD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GDXD advanced for three days, in of 253 cases, the price rose further within the following month. The odds of a continued upward trend are .

GDXD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.