| NUGT latest price $105.7200 (6.2%) ($100.8000 - $106.1600) on Fri. Jul. 31, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.85% (three month average) |
RSI | 75 |
Latest Price | $105.7200(6.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 0.9% a day on average for past five trading days. |
Weekly Trend | NUGT advances 11.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(97%) SIL(94%) GLD(81%) SLV(77%) BWX(47%) |
Factors Impacting NUGT price | NUGT will decline at least -2.425% in a week (0% probabilities). UUP(-37%) VIXM(-23%) VXX(-11%) TBT(-11%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.425% (StdDev 4.85%) |
Hourly BBV | 0.8 () |
Intraday Trend | 2.6% |
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