| NUGT latest price $30.8800 (-2%) ($30.7900 - $31.6800) on Mon. Nov. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.19% (three month average) |
RSI | 44 |
Latest Price | $30.8800(-2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 0.5% a day on average for past five trading days. |
Weekly Trend | NUGT declines -3.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(82%) SLV(77%) XME(70%) |
Factors Impacting NUGT price | NUGT will decline at least -1.595% in a week (0% probabilities). UUP(-32%) TBT(-25%) EDOC(-23%) URA(-10%) UNG(4%) |
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 | -1.595% (StdDev 3.19%) |
Hourly BBV | 0.4 () |
Intraday Trend | -1.7% |
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