Technical Analysis for NRGD - MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 155.40 | 1.06% | 1.63 |
NRGD closed up 1.06 percent on Friday, May 3, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Weak + Overbought | Other | 0.00% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 1.06% | |
| Upper Bollinger Band Walk | Strength | 1.06% |
| Alert | Time |
|---|---|
| Up 5% | 3 days ago |
| Up 1 ATR | 3 days ago |
| Rose Above 50 DMA | 3 days ago |
| Rose Above Previous Day's High | 3 days ago |
| Rose Above Upper Bollinger Band | 3 days ago |
Get a Trading Assistant
Let us help you stay on top of your investments. We will alert you to important technical developments on your
portfolio & watchlist.
Configure default chart indicators
Basic chart:
The investment seeks to reflect a 3x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis.
The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Debt Leverage Energy/Oil Sector
Classification
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Debt Leverage Energy/Oil Sector
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Date | Title |
|---|---|
| Dec 8 | Inverse Energy ETFs Rise Amid Steep Decline in Oil |
| Indicator | Value |
|---|---|
| 52 Week High | 402.12 |
| 52 Week Low | 123.0 |
| Average Volume | 40,590 |
| 200-Day Moving Average | 211.84 |
| 50-Day Moving Average | 157.40 |
| 20-Day Moving Average | 139.87 |
| 10-Day Moving Average | 143.90 |
| Average True Range | 7.70 |
| RSI (14) | 57.63 |
| ADX | 34.85 |
| +DI | 30.00 |
| -DI | 17.67 |
| Chandelier Exit (Long, 3 ATRs) | 138.42 |
| Chandelier Exit (Short, 3 ATRs) | 146.10 |
| Upper Bollinger Bands | 158.20 |
| Lower Bollinger Band | 121.53 |
| Percent B (%b) | 0.92 |
| BandWidth | 26.22 |
| MACD Line | -0.53 |
| MACD Signal Line | -4.45 |
| MACD Histogram | 3.9225 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 168.18 | ||||
| Resistance 3 (R3) | 168.80 | 165.16 | 166.05 | ||
| Resistance 2 (R2) | 165.16 | 161.91 | 164.85 | 165.34 | |
| Resistance 1 (R1) | 160.28 | 159.89 | 162.72 | 159.66 | 164.63 |
| Pivot Point | 156.64 | 156.64 | 157.86 | 156.33 | 156.64 |
| Support 1 (S1) | 151.76 | 153.39 | 154.20 | 151.14 | 146.17 |
| Support 2 (S2) | 148.12 | 151.37 | 147.81 | 145.46 | |
| Support 3 (S3) | 143.24 | 148.12 | 144.75 | ||
| Support 4 (S4) | 142.62 |
