| NUGT latest price $34.2700 (3.35%) ($32.6000 - $34.4600) on Wed. Nov. 23, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6% (three month average) |
RSI | 84 |
Latest Price | $34.2700(3.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 1.6% a day on average for past five trading days. |
Weekly Trend | NUGT advances 8.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(97%) SIL(95%) GLD(80%) SLV(78%) EWY(50%) |
Factors Impacting NUGT price | NUGT will decline at least -3% in a week (0% probabilities). VIXM(-12%) UUP(-10%) VXX(-9%) UNG(-4%) ARKK(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3% (StdDev 6%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.8% |
| |
|
|