| NUGT latest price $31.5700 (2.33%) ($30.7900 - $32.0900) on Thu. Sep. 14, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.42% (three month average) |
RSI | 55 |
Latest Price | $31.5700(2.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 1.1% a day on average for past five trading days. |
Weekly Trend | NUGT declines -1.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(97%) SIL(95%) SLV(77%) GLD(76%) XME(60%) |
Factors Impacting NUGT price | NUGT will decline at least -1.71% in a week (0% probabilities). UUP(-34%) TBT(-32%) EDOC(-16%) VIXM(-0%) VXX(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.71% (StdDev 3.42%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2.3% |
| |
|
|