Technical Analysis for NRGU - MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Grade Last Price % Change Price Change
C 586.35 5.08% 28.34
NRGU closed down 1.1 percent on Friday, May 3, 2024, on 1.15 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 5.08%
Lower Bollinger Band Touch Weakness 5.08%
Oversold Stochastic Weakness 5.08%
MACD Bearish Centerline Cross Bearish 3.92%
NR7 Range Contraction 3.92%
Narrow Range Bar Range Contraction 3.92%
Inside Day Range Contraction 3.92%
Gapped Up Strength 3.92%
Oversold Stochastic Weakness 3.92%
Fell Below 50 DMA Bearish 6.55%

   Recent Intraday Alerts

Alert Time
Up 5% 7 minutes ago
60 Minute Opening Range Breakdown about 1 hour ago
50 DMA Resistance about 1 hour ago
Rose Above 50 DMA about 2 hours ago
60 Minute Opening Range Breakout about 2 hours ago

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Profile

The investment seeks to reflect a 3x leveraged long 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 performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge 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.
Classification

Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Debt Leverage Energy/Oil Sector

Top 10 Components

Symbol Grade Price % Change Allocation
XOM B 1.45 10.00
VLO C 1.49 10.00
PXD B 0.00 10.00
PSX D 1.40 10.00
OXY C 1.23 10.00
MPC D 0.51 10.00
EOG B 1.12 10.00
DVN B 1.14 10.00
CVX B 1.95 10.00
COP C 1.95 10.00

Is NRGU a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 723.66
52 Week Low 289.33
Average Volume 30,735
200-Day Moving Average 474.56
50-Day Moving Average 580.57
20-Day Moving Average 633.91
10-Day Moving Average 613.09
Average True Range 32.08
RSI (14) 38.27
ADX 36.48
+DI 15.73
-DI 31.70
Chandelier Exit (Long, 3 ATRs) 627.41
Chandelier Exit (Short, 3 ATRs) 630.61
Upper Bollinger Bands 723.00
Lower Bollinger Band 544.82
Percent B (%b) 0.07
BandWidth 28.11
MACD Line -6.10
MACD Signal Line 9.56
MACD Histogram -15.6598
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 612.78
Resistance 3 (R3) 610.98 590.92 603.65
Resistance 2 (R2) 590.92 576.98 591.82 600.60
Resistance 1 (R1) 574.47 568.36 564.44 576.27 597.56
Pivot Point 554.41 554.41 549.40 555.31 554.41
Support 1 (S1) 537.96 540.47 527.93 539.76 518.46
Support 2 (S2) 517.90 531.85 518.80 515.42
Support 3 (S3) 501.45 517.90 512.37
Support 4 (S4) 503.25