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

Grade Last Price % Change Price Change
C 45.66 2.38% 1.06
NUGT closed up 2.38 percent on Monday, May 16, 2022, on 77 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Inside Day Range Contraction 2.38%
Wide Bands Range Expansion 2.38%
Oversold Stochastic Weakness 2.38%
Wide Bands Range Expansion 6.46%
Down 3 Days in a Row Weakness 6.46%
Down 4 Days in a Row Weakness 6.46%

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

Alert Time
Up 3% about 7 hours ago
Possible NR7 about 7 hours ago
60 Minute Opening Range Breakout about 7 hours ago
Rose Above Previous Day's High about 9 hours ago
Up 2% about 9 hours ago

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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

Top 10 Components

Symbol Grade Price % Change Allocation
GDX B 0.97 48.39
View All NUGT Holdings

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 82.86
52 Week Low 40.3236
Average Volume 3,218,572
200-Day Moving Average 54.27
50-Day Moving Average 65.96
20-Day Moving Average 57.27
10-Day Moving Average 50.85
Average True Range 4.23
RSI 30.07
ADX 32.31
+DI 13.06
-DI 38.40
Chandelier Exit (Long, 3 ATRs) 70.16
Chandelier Exit (Short, 3 ATRs) 54.01
Upper Bollinger Bands 75.84
Lower Bollinger Band 38.70
Percent B (%b) 0.19
BandWidth 64.84
MACD Line -6.29
MACD Signal Line -4.85
MACD Histogram -1.4466
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.91
Resistance 3 (R3) 47.75 46.85 47.54
Resistance 2 (R2) 46.85 46.27 46.93 47.41
Resistance 1 (R1) 46.25 45.92 46.55 46.41 47.28
Pivot Point 45.35 45.35 45.50 45.43 45.35
Support 1 (S1) 44.75 44.77 45.05 44.91 44.04
Support 2 (S2) 43.85 44.42 43.93 43.91
Support 3 (S3) 43.25 43.85 43.79
Support 4 (S4) 43.41