| NUGT latest price $27.9200 (4.8%) ($27.3300 - $28.0000) on Mon. Oct. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 33 |
Latest Price | $27.9200(4.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 2.4% a day on average for past five trading days. |
Weekly Trend | NUGT declines -8.9% 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(80%) GLD(76%) XME(65%) |
Factors Impacting NUGT price | NUGT will decline at least -1.75% in a week (0% probabilities). EDOC(-41%) UUP(-32%) TBT(-27%) URA(0%) UNG(5%) |
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 | -1.75% (StdDev 3.5%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.1% |
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