Technical Analysis for NUGT - Direxion Daily Gold Miners Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
25.43 | -0.24% | -0.06 |
NUGT closed down 0.24 percent on Monday, November 11, 2019, on 87 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. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Flat | Down | Down |
| See historical NUGT trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 200 DMA | Bearish | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| MACD Bearish Signal Line Cross | Bearish | -0.24% | |
| 200 DMA Support | Bullish | -0.24% | |
| Doji - Bullish? | Reversal | -0.24% |
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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 Stock Market Index Mining Nyse Arca Gold Miners Index
Exchange Traded Fund Stock Market Index Mining Nyse Arca Gold Miners Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more NUGT news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 45.1 |
| 52 Week Low | 11.8 |
| Average Volume | 11,113,453 |
| 200-Day Moving Average | 25.4441 |
| 50-Day Moving Average | 30.8674 |
| 20-Day Moving Average | 28.1805 |
| 10-Day Moving Average | 28.387 |
| Average True Range | 2.1327 |
| ADX | 12.97 |
| +DI | 19.5876 |
| -DI | 28.8505 |
| Chandelier Exit (Long, 3 ATRs ) | 25.4219 |
| Chandelier Exit (Short, 3 ATRs ) | 31.5281 |
| Upper Bollinger Band | 31.6557 |
| Lower Bollinger Band | 24.7053 |
| Percent B (%b) | 0.1 |
| BandWidth | 24.663863 |
| MACD Line | -1.1047 |
| MACD Signal Line | -0.8597 |
| MACD Histogram | -0.2449 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 26.77 | ||||
| Resistance 3 (R3) | 26.82 | 26.43 | 26.54 | ||
| Resistance 2 (R2) | 26.43 | 26.09 | 26.40 | 26.47 | |
| Resistance 1 (R1) | 25.93 | 25.88 | 25.74 | 25.88 | 26.39 |
| Pivot Point | 25.54 | 25.54 | 25.44 | 25.51 | 25.54 |
| Support 1 (S1) | 25.04 | 25.20 | 24.85 | 24.99 | 24.47 |
| Support 2 (S2) | 24.65 | 24.99 | 24.62 | 24.39 | |
| Support 3 (S3) | 24.15 | 24.65 | 24.32 | ||
| Support 4 (S4) | 24.10 |
