DIREXION DAILY GOLD MINERS I (NUGT) Stock Technical Analysis
NYSEARCA:NUGT - NYSE Arca - US25460G7815 - ETF - Currency: USD
Overall NUGT gets a technical rating of 7 out of 10. In the last year, NUGT was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
NUGT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NUGT is lagging the market slightly.
NUGT has an average volume of 1099890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NUGT is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month NUGT has a been trading in the 69.37 - 82.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NUGT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.03, a Stop Loss order could be placed below this zone.
More info and screens
36.20
82.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 70.67 to 72.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.22 from a trend line in the daily time frame.
- Support @36.57 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 75.67 to 75.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.10 to 82.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NUGT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NUGT is neutral. |
| ChartMill Relative Strength | 87.17 | POSITIVE | NUGT has a high relative strength, it outperformed 87.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NUGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NUGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.67 | NEUTRAL | The RSI value for NUGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests NUGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55 | NEUTRAL | The Stochastics value for NUGT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for NUGT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.74 | NEGATIVE | The low ADX value for NUGT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 75.96 | 70.66 | 5.30 (6.98%) | 14.33% |
| An entry @75.96. This is a Buy Stop order right above the resistance zone. | An exit @70.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.30 points, which is 6.98%. | For a 1.00% total portfolio risk, you can invest 14.33% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NUGT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.19
+0.11 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week-3.07%
2 Weeks6.4%
1 Month-5.21%
3 Month1.31%
6 Month83.39%
12 Month65.62%
2 Year101.2%
3 Year141.54%
5 Year-28.88%
10 Year-45.36%
15 YearN/A
Volatility
ATR(14)3.87
ATR(20)%4.89%
ATR Inc-41.24%
Range Today2.67
ADR(20)3.17
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.17
Mansfield2.87
10 Day High77.69
10 Day Low69.37
20 Day High82.78
20 Day Low69.37
52 Week High82.8
52 Week Low34.08
CS1 End72.03
CR1 Start75.67
Volume & EV
DER(3)-0.75%
DER(5)-1.9%
Volume848.90K
Volume Incr22.97%
Vol(5)1.18M
Vol(50)1.10M