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.
| 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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Basic chart:
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.
Keywords: Exchange Traded Fund ETF Stock Market Index Mining Leveraged ETF Ultra ETF Nyse Arca Gold Miners Index
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 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| 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 |
