| NUGT latest price $36.4100 (5.48%) ($34.8300 - $37.1400) on Tue. Dec. 19, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.03% (three month average) |
RSI | 54 |
Latest Price | $36.4100(5.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 4% a day on average for past five trading days. |
Weekly Trend | NUGT advances 0.3% 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(98%) SIL(96%) IFRA(94%) IWN(92%) IPO(89%) |
Factors Impacting NUGT price | NUGT will decline at least -2.015% in a week (0% probabilities). EDOC(-77%) TBT(-37%) UUP(-23%) VIXM(-11%) URA(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.015% (StdDev 4.03%) |
Hourly BBV | 1.3 () |
Intraday Trend | 4.1% |
| |
|
|