GDXJ VanEck Junior Gold Miners ETF Forecast, Technical & Fundamental Analysis
GDXJ's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for GDXJ turned positive on November 16, 2023. Looking at past instances where GDXJ's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on GDXJ as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
GDXJ moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GDXJ advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 230 cases where GDXJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GDXJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GDXJ broke above its upper Bollinger Band on November 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category PreciousMetals
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| APCB | 29.23 | 0.19 | +0.67% |
| ActivePassive Core | |||
| TECB | 40.77 | 0.21 | +0.52% |
| iShares US Tech Breakthrough Mltsctr ETF | |||
| TIPX | 18.32 | 0.08 | +0.44% |
| SPDR® Blmbg 1-10 Year TIPS ETF | |||
| HSCZ | 28.62 | 0.13 | +0.44% |
| iShares Currency Hdgd MSCI EAFE SmCp ETF | |||
| MSVX | 24.18 | -0.06 | -0.27% |
| LHA Market State Alpha Seeker ETF | |||
GDXJ and
Correlation & Price change
A.I.dvisor indicates that over the last year, GDXJ has been closely correlated with GDX. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if GDXJ jumps, then GDX could also see price increases.
| Ticker / NAME | Correlation To GDXJ | 1D Price Change % | ||
|---|---|---|---|---|
| GDXJ | 100% | +2.36% | ||
| GDX - GDXJ | 98% Closely correlated | +1.56% | ||
| SIL - GDXJ | 97% Closely correlated | +2.24% | ||
| RING - GDXJ | 96% Closely correlated | +1.75% | ||
| SILJ - GDXJ | 96% Closely correlated | +2.96% | ||
| SLVP - GDXJ | 94% Closely correlated | +2.65% | ||
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