| NUGT latest price $92.3300 (3.28%) ($90.2500 - $93.9000) on Wed. Oct. 14, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.15% (three month average) |
RSI | 64 |
Latest Price | $92.3300(3.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 2.5% a day on average for past five trading days. |
Weekly Trend | NUGT advances 3.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(93%) GLD(80%) SLV(79%) BWX(48%) |
Factors Impacting NUGT price | NUGT will decline at least -2.575% in a week (0% probabilities). UUP(-37%) VIXM(-22%) TBT(-11%) VXX(-10%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.575% (StdDev 5.15%) |
Hourly BBV | 0.8 () |
Intraday Trend | 1.1% |
| |
|
|