| NUGT latest price $80.9200 (-4.2%) ($80.3000 - $85.1800) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.97% (three month average) |
RSI | 40 |
Latest Price | $80.9200(-4.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 2.1% a day on average for past five trading days. |
Weekly Trend | NUGT declines -4.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -2.485% in a week (0% probabilities). UUP(-36%) VIXM(-21%) TBT(-11%) VXX(-10%) EDOC(-2%) |
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 | -2.485% (StdDev 4.97%) |
Hourly BBV | -0.6 () |
Intraday Trend | -4.6% |
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