| NUGT latest price $49.1500 (-0.16%) ($48.6000 - $49.8420) on Tue. May. 9, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.8% (three month average) |
RSI | 62 |
Latest Price | $49.1500(-0.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NUGT advances 0.6% a day on average for past five trading days. |
Weekly Trend | NUGT advances 4.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NUGT advance at 0% a week (0% probability) GDXJ(98%) SIL(95%) GLD(78%) SLV(77%) XME(51%) |
Factors Impacting NUGT price | NUGT will decline at least -1.9% in a week (0% probabilities). UUP(-41%) TBT(-36%) VIXM(-12%) VXX(-11%) UNG(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.9% (StdDev 3.8%) |
Hourly BBV | -0.8 () |
Intraday Trend | 0.3% |
| |
|
|