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

Grade Last Price % Change Price Change
C 43.40 -1.18% -0.52
NUGT closed down 1.18 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Calm After Storm Range Contraction -1.18%
NR7 Range Contraction -1.18%
Wide Bands Range Expansion -1.18%
Gapped Up Strength -1.18%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 17 hours ago
Possible Inside Day about 17 hours ago
2x Volume Pace about 21 hours ago
Gap Down Partially Closed about 21 hours ago
1.5x Volume Pace about 21 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 C -0.42 52.61

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 60.74
52 Week Low 22.8946
Average Volume 1,970,312
200-Day Moving Average 41.09
50-Day Moving Average 49.65
20-Day Moving Average 46.87
10-Day Moving Average 42.28
Average True Range 2.63
RSI (14) 42.53
ADX 23.42
+DI 23.57
-DI 32.50
Chandelier Exit (Long, 3 ATRs) 52.85
Chandelier Exit (Short, 3 ATRs) 45.87
Upper Bollinger Bands 57.82
Lower Bollinger Band 35.92
Percent B (%b) 0.34
BandWidth 46.74
MACD Line -2.72
MACD Signal Line -2.29
MACD Histogram -0.4311
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.56
Resistance 3 (R3) 44.54 44.14 44.36
Resistance 2 (R2) 44.14 43.85 44.15 44.30
Resistance 1 (R1) 43.77 43.66 43.79 43.79 44.23
Pivot Point 43.37 43.37 43.38 43.38 43.37
Support 1 (S1) 43.00 43.08 43.02 43.02 42.57
Support 2 (S2) 42.60 42.89 42.61 42.50
Support 3 (S3) 42.23 42.60 42.44
Support 4 (S4) 42.25