| NUGT latest price $68.9000 (3.8%) ($65.6400 - $69.0100) on Wed. Dec. 16, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.9% (three month average) |
RSI | 64 |
Latest Price | $68.9000(3.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 0.6% a day on average for past five trading days. |
Weekly Trend | NUGT advances 0.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(97%) SIL(93%) GLD(80%) SLV(78%) BWX(48%) |
Factors Impacting NUGT price | NUGT will decline at least -2.45% in a week (0% probabilities). UUP(-36%) VIXM(-21%) 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 | -2.45% (StdDev 4.9%) |
Hourly BBV | 2.1 () |
Intraday Trend | 2.3% |
| |
|
|