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

Grade Last Price % Change Price Change
grade C 112.0 -1.11% -1.26
NUGT closed down 1.11 percent on Thursday, August 6, 2020, on 80 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. 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.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical NUGT trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Wide Bands Range Expansion -1.11%
Overbought Stochastic Strength -1.11%
Upper Bollinger Band Touch Strength -1.11%
Crossed Above 200 DMA Bullish -0.85%
Stochastic Reached Overbought Strength -0.85%

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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.
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 225.5
52 Week Low 24.15
Average Volume 5,008,872
200-Day Moving Average 108.82
50-Day Moving Average 81.69
20-Day Moving Average 98.65
10-Day Moving Average 107.50
Average True Range 7.26
ADX 28.67
+DI 31.67
-DI 16.32
Chandelier Exit (Long, 3 ATRs ) 98.03
Chandelier Exit (Short, 3 ATRs ) 100.54
Upper Bollinger Band 119.50
Lower Bollinger Band 77.80
Percent B (%b) 0.82
BandWidth 42.27
MACD Line 8.63
MACD Signal Line 8.06
MACD Histogram 0.5718
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 125.59
Resistance 3 (R3) 125.95 121.79 123.33
Resistance 2 (R2) 121.79 118.33 121.61 122.57
Resistance 1 (R1) 116.89 116.19 114.81 116.53 121.81
Pivot Point 112.73 112.73 111.69 112.55 112.73
Support 1 (S1) 107.83 109.27 105.75 107.47 102.19
Support 2 (S2) 103.67 107.13 103.49 101.43
Support 3 (S3) 98.77 103.67 100.68
Support 4 (S4) 98.41