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

Grade Last Price % Change Price Change
C 30.75 -1.32% -0.41
NUGT closed down 1.32 percent on Monday, March 18, 2024, on 40 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 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.
6 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Flat

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
200 DMA Resistance Bearish -1.32%
Wide Bands Range Expansion -1.32%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 12 hours ago
Possible Inside Day about 12 hours ago
1.5x Volume Pace about 16 hours ago
10 DMA Support about 16 hours ago
Down 1% about 16 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 -0.50 46.15

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 51.1006
52 Week Low 23.145
Average Volume 2,908,321
200-Day Moving Average 31.19
50-Day Moving Average 27.91
20-Day Moving Average 27.87
10-Day Moving Average 30.70
Average True Range 1.38
RSI (14) 59.68
ADX 30.21
+DI 35.38
-DI 13.78
Chandelier Exit (Long, 3 ATRs) 28.22
Chandelier Exit (Short, 3 ATRs) 27.29
Upper Bollinger Bands 34.00
Lower Bollinger Band 21.73
Percent B (%b) 0.73
BandWidth 44.04
MACD Line 1.20
MACD Signal Line 0.71
MACD Histogram 0.4928
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.54
Resistance 3 (R3) 31.58 31.35 31.41
Resistance 2 (R2) 31.35 31.15 31.33 31.36
Resistance 1 (R1) 31.05 31.03 30.94 31.01 31.32
Pivot Point 30.83 30.83 30.77 30.81 30.83
Support 1 (S1) 30.53 30.62 30.41 30.49 30.18
Support 2 (S2) 30.30 30.50 30.28 30.14
Support 3 (S3) 30.00 30.30 30.09
Support 4 (S4) 29.96