Traders Buy Shares of Market Vectors Gold Miners ETF (GDX) on Weakness

Xavier Trudeau
Août 13, 2017

VanEck Vectors Green Bond ETF has a 52-week low of $24.62 and a 52-week high of $27.06.

Traders may be focusing on other technical indicators for stock assessment. The Aroon Up trend when it reaches above 70 indicates that the uptrend is gaining momentum.

The system does include signals but these should never be considered in isolation.

All three benchmark United States indexes closed lower on Friday after fluctuating throughout the session. The Ichimoku components are introduced in a specific order because that is how you should analyze or trade the market. The indicator shows the difference between two simple moving averages that can help define moving strength of the market. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance. With any stock investment, there may be some level of risk involved. ADX is used to gauge trend strength but not trend direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Currently, the 14-day ADX is 43.41. In general, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Taking a deeper look into the technical levels of VanEck Vectors High-Yield Municipal Index ETF (HYD), we can see that the Williams Percent Range or 14 day Williams %R now sits at -25.64. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Values can range from 0 to -100. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

Amerigas Partners LP's Williams Percent Range or 14 day Williams %R now sits at -86.11.

Alembic Ltd. (ALEMBICLTD.BO) presently has a 14-day Commodity Channel Index (CCI) of -154.70. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A reading from -80 to -100 would indicate an oversold situation. Active investors may choose to use this technical indicator as a stock evaluation tool. Moving averages can be very useful for identifying peaks and troughs. 5,457 shares of the company's stock traded hands.

Taking a peek at some Moving Averages, the 200-day is at 33.03, the 50-day is 33.34, and the 7-day is sitting at 34.24. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term.

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