| NUGT latest price $30.9800 (0.55%) ($30.6700 - $31.3500) on Fri. Nov. 24, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.4% (three month average) |
RSI | 46 |
Latest Price | $30.9800(0.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 1% a day on average for past five trading days. |
Weekly Trend | NUGT advances 1.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(98%) SIL(95%) GLD(92%) SPY(87%) SLV(76%) |
Factors Impacting NUGT price | NUGT will decline at least -1.7% in a week (0% probabilities). SMH(-79%) TBT(-26%) UUP(-25%) VIXM(-17%) URA(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.7% (StdDev 3.4%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
| |
|
|