| NUGT latest price $32.9200 (4.28%) ($32.2500 - $33.2700) on Fri. Sep. 15, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.46% (three month average) |
RSI | 66 |
Latest Price | $32.9200(4.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 1.9% a day on average for past five trading days. |
Weekly Trend | NUGT declines -0.5% 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(76%) SLV(76%) XME(60%) |
Factors Impacting NUGT price | NUGT will decline at least -1.73% in a week (0% probabilities). UUP(-33%) TBT(-30%) VIXM(-0%) UNG(3%) VXX(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.73% (StdDev 3.46%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.9% |
| |
|
|