Technical Analysis for NUGT - Direxion Daily Gold Miners Bull 3X Shares

Grade Last Price % Change Price Change
F 51.53 -1.75% -0.92
NUGT closed up 2.78 percent on Friday, March 5, 2021, on 1.2 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical NUGT trend table...

Date Alert Name Type % Chg
NR7 Range Contraction -1.75%
Multiple of Ten Bullish Other -1.75%
Inside Day Range Contraction -1.75%
Wide Bands Range Expansion -1.75%
Oversold Stochastic Weakness -1.75%
Slingshot Bearish Bearish Swing Setup 0.98%
Lower Bollinger Band Walk Weakness 0.98%
Multiple of Ten Bullish Other 0.98%
Wide Bands Range Expansion 0.98%
Oversold Stochastic Weakness 0.98%
Older End-of-Day Signals for NUGT ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
2x Volume Pace 7 minutes ago
1.5x Volume Pace 7 minutes ago
Down 2 % 22 minutes ago
Down 1% 22 minutes ago
Up 3% 3 days ago
View Earlier Intraday Alerts

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index. The fund creates long positions by investing at least 80% of assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Stock Market Index Mining Leveraged ETF Ultra ETF Nyse Arca Gold Miners Index

Is NUGT 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 149.9
52 Week Low 24.15
Average Volume 2,952,709
200-Day Moving Average 78.01
50-Day Moving Average 63.82
20-Day Moving Average 57.95
10-Day Moving Average 54.20
Average True Range 3.97
ADX 20.9
+DI 15.84
-DI 25.70
Chandelier Exit (Long, 3 ATRs ) 54.68
Chandelier Exit (Short, 3 ATRs ) 60.64
Upper Bollinger Band 68.45
Lower Bollinger Band 47.45
Percent B (%b) 0.24
BandWidth 36.25
MACD Line -3.66
MACD Signal Line -3.20
MACD Histogram -0.4564
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 57.12
Resistance 3 (R3) 56.68 54.70 56.34
Resistance 2 (R2) 54.70 53.51 54.91 56.08
Resistance 1 (R1) 53.57 52.77 54.14 54.01 55.82
Pivot Point 51.59 51.59 51.87 51.80 51.59
Support 1 (S1) 50.46 50.40 51.03 50.90 49.08
Support 2 (S2) 48.48 49.66 48.69 48.82
Support 3 (S3) 47.35 48.48 48.56
Support 4 (S4) 47.79