| NUGT latest price $30.9000 (-0.48%) ($30.0000 - $31.4800) on Thu. Aug. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.59% (three month average) |
RSI | 37 |
Latest Price | $30.9000(-0.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 1.5% 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 | Broad based sell-off 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(97%) SIL(95%) GLD(77%) SLV(75%) XME(59%) |
Factors Impacting NUGT price | NUGT will decline at least -1.795% in a week (0% probabilities). TBT(-35%) UUP(-34%) VIXM(-4%) VXX(-3%) IGOV(-3%) |
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 | -1.795% (StdDev 3.59%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.4% |
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