DIRXN DLY GM INDX B2X ETF-UI (NUGT) Technical Analysis
NYSEARCA:NUGT • US25460G7815
We assign a technical rating of 8 out of 10 to NUGT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month NUGT has a been trading in the 211.57 - 320.79 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, NUGT did better than 98% of all other stocks. On top of that, NUGT also shows a nice and consistent pattern of rising prices.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- 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.
NUGT has an excellent technical rating, but the quality of the setup is only medium 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
178.00
2 important support areas can be observed.
- A support zone ranging from 225.03 to 227.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @179.80 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @309.51 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for NUGT is down. |
| ChartMill Relative Strength | 98.47 | POSITIVE | NUGT has a high relative strength, it outperformed 98.47% 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 | MIXED | The current price of NUGT is below 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) | 42 | NEUTRAL | The RSI value for NUGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.88 | NEGATIVE | The MACD value suggests NUGT has a negative trend. |
| Stochastics (14,3) | 23.03 | NEUTRAL | The Stochastics value for NUGT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.85 | HIGH VOLATILITY | The high ATR as a percentage value for NUGT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for NUGT suggests a possible start of a new trend. |
NUGT Technicals: Chart, Performance Metrics, Trend & Indicators
227.08
-9.9 (-4.18%)
DIRXN DLY GM INDX B2X ETF-UI / NUGT FAQ
Can you provide the ChartMill technical rating for DIRXN DLY GM INDX B2X ETF-UI?
ChartMill assigns a technical rating of 8 / 10 to NUGT.
What is the current trend direction of DIRXN DLY GM INDX B2X ETF-UI (NUGT) stock?
The current trend direction for DIRXN DLY GM INDX B2X ETF-UI (NUGT) is Bullish.
What is the RSI signal for DIRXN DLY GM INDX B2X ETF-UI (NUGT) stock?
DIRXN DLY GM INDX B2X ETF-UI (NUGT) has an RSI value of 41.9967. This indicates that the stock is currently neutral.
What is the short term momentum for NUGT stock?
The short term momentum for DIRXN DLY GM INDX B2X ETF-UI (NUGT) is negative.
What is the support and resistance level for NUGT stock?
DIRXN DLY GM INDX B2X ETF-UI (NUGT) has a support level at 227.07 and a resistance level at 309.51. Check the full technical report for our detailed analysis of NUGT support and resistance levels.