| NUGT latest price $34.2100 (-5.31%) ($34.1600 - $36.4000) on Wed. Jul. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.25% (three month average) |
RSI | 36 |
Latest Price | $34.2100(-5.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 0.2% a day on average for past five trading days. |
Weekly Trend | NUGT declines -3.7% a week on average for past two weeks. |
Market Behavior | Normal 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(98%) SIL(95%) GLD(77%) SLV(76%) BWX(60%) |
Factors Impacting NUGT price | NUGT will decline at least -1.625% in a week (0% probabilities). UUP(-39%) TBT(-38%) VXX(-16%) VIXM(-16%) EDOC(1%) |
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 | -1.625% (StdDev 3.25%) |
Hourly BBV | -0.3 () |
Intraday Trend | -6.2% |
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