| NUGT latest price $70620.0000 (1.32%) ($65540.0000 - $71440.0000) on Thu. Aug. 11, 2011. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.55% (three month average) |
RSI | 45 |
Latest Price | $70620.0000(1.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 2.9% a day on average for past five trading days. |
Weekly Trend | NUGT declines -3.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GLD(74%) EEM(26%) LQD(25%) PCY(25%) REMX(25%) |
Factors Impacting NUGT price | NUGT will decline at least -1.775% in a week (0% probabilities). PEJ(10%) XLY(11%) SHY(11%) XLK(13%) XLP(14%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.775% (StdDev 3.55%) |
Hourly BBV | 0 () |
Intraday Trend | 3.5% |
| |
|
|