DIREXION DAILY GOLD MINERS I (NUGT) Stock Technical Analysis
NYSEARCA:NUGT - NYSE Arca - US25460G7815 - ETF - Currency: USD
Taking everything into account, NUGT scores 7 out of 10 in our technical rating. In the last year, NUGT was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NUGT has a been trading in the 57.10 - 81.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, NUGT did better than 92% of all other stocks.
NUGT has an average volume of 1548270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
NUGT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NUGT is lagging the market slightly.
Although NUGT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
36.20
71.64
5 important support areas can be observed.
- Support @58.21 from a horizontal line in the daily time frame.
- Support @56.23 from a trend line in the daily time frame.
- Support @53.59 from a trend line in the daily time frame.
- Support @40.83 from a trend line in the weekly time frame.
- Support @36.57 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 60.68 to 60.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.93 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.9
Mansfield2.06
10 Day High73.21
10 Day Low57.1
20 Day High81
20 Day Low57.1
52 Week High81
52 Week Low34.08
Performance
1 Week-10.22%
2 Weeks-4.03%
1 Month-21.46%
3 Month20.16%
6 Month57.05%
12 Month33.17%
2 Year62.26%
3 Year28.84%
5 Year-12.81%
10 Year-86.21%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-1.54
RSI(14)44.91
LBB56.88
UBB74.87
60.67
+2.45 (+4.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.21%
1 Week-10.22%
2 Weeks-4.03%
1 Month-21.46%
3 Month20.16%
6 Month57.05%
12 Month33.17%
2 Year62.26%
3 Year28.84%
5 Year-12.81%
10 Year-86.21%
15 YearN/A
Volatility
ATR(14)4.3
ATR(20)%7.56%
ATR Inc-27.94%
Range Today2.39
ADR(20)3.28
ADR(20)%5.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.9
Mansfield2.06
10 Day High73.21
10 Day Low57.1
20 Day High81
20 Day Low57.1
52 Week High81
52 Week Low34.08
CS1 End58.21
CR1 Start60.68
Volume & EV
DER(3)-0.69%
DER(5)1.18%
Volume1.38M
Volume Incr-13.93%
Vol(5)1.34M
Vol(50)1.55M