| NUGT latest price $41.6600 (4.46%) ($39.5800 - $41.8900) on Tue. Mar. 28, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.2% (three month average) |
RSI | 83 |
Latest Price | $41.6600(4.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 2.8% a day on average for past five trading days. |
Weekly Trend | NUGT advances 11.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(97%) SIL(95%) GLD(77%) SLV(77%) EEM(48%) |
Factors Impacting NUGT price | NUGT will decline at least -2.1% in a week (0% probabilities). UUP(-43%) TBT(-35%) VXX(-7%) VIXM(-6%) UNG(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.1% (StdDev 4.2%) |
Hourly BBV | 2.1 () |
Intraday Trend | 3.4% |
| |
|
|