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     Thu. Jun. 23, 2011

Trading Signals: NUGT Stock Price Prediction and Forecast (Wed. Dec. 8, 2010 - Fri. Dec. 22, 2023)

(Direxion Daily Gold Miners Bull 3X ETF)

NUGT latest price $58040.0000 (-2.72%) ($55000.0000 - $58100.0000) on Thu. Jun. 23, 2011.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  3.36% (three month average)
RSI   38
Latest Price   $58040.0000(-2.72%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  NUGT advances 1.6% a day on average for past five trading days.
Weekly Trend  NUGT declines -2.4% a week on average for past two weeks.
Market Behavior  Normal for large cap. Normal for small cap.
Correlated ETFs  Broad market will support NUGT advance at 0% a week (0% probability)
  GLD(73%)    EEM(26%)    LQD(25%)    PCY(25%)    REMX(25%)  
Factors Impacting NUGT price  NUGT will decline at least -1.68% in a week (0% probabilities).
  PEJ(10%)    XLY(11%)    SHY(11%)    XLK(13%)    TLT(13%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.68% (StdDev 3.36%)
Hourly BBV   0 ()
Intraday Trend   2.7%
  
 

  


Resistance Level  $59414.42
5 Day Moving Average  $56840(2.11%)
10 Day Moving Average  $56343.67(3.01%)
20 Day Moving Average  $59414.42(-2.31%)
To recent high  -29.9%
To recent low  8.3%
Market Cap  $N/A
 
 
 

Average daily price decay: -0.01%

$. NUGT is a 3x leveraged ETF. You'll lose 0.01% a day on average for holding it.$. NUGT price fluctuates within 7.36% (three month std-dev: 3.36%) daily (68% of days).

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