| NUGT latest price $79.4500 (2.66%) ($76.9700 - $80.3990) on Thu. May. 20, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4% (three month average) |
RSI | 81 |
Latest Price | $79.4500(2.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 2.6% a day on average for past five trading days. |
Weekly Trend | NUGT advances 9.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(97%) SIL(95%) GLD(79%) SLV(79%) BWX(48%) |
Factors Impacting NUGT price | NUGT will decline at least -2% in a week (0% probabilities). UUP(-34%) VIXM(-22%) TBT(-12%) VXX(-10%) IGOV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2% (StdDev 4%) |
Hourly BBV | 0.3 () |
Intraday Trend | 2.4% |
| |
|
|