DIREXION DAILY GOLD MINERS I (NUGT) Stock Technical Analysis
USA - NYSEARCA:NUGT - US25460G7815 - ETF
Taking everything into account, NUGT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NUGT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NUGT has an excellent technical rating, it does not present a decent entry opportunity 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
90.75
We found 4 important support areas.
- A support zone ranging from 131.98 to 132.85. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @123.96 from a trend line in the daily time frame.
- Support @93.19 from a trend line in the daily time frame.
- Support @91.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 159.55 to 160.53. 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 | UP | POSITIVE | The short term trend for NUGT is up. |
| ChartMill Relative Strength | 98.55 | POSITIVE | NUGT has a high relative strength, it outperformed 98.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NUGT is above 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) | 54.9 | NEUTRAL | The RSI value for NUGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.3 | POSITIVE | The MACD value suggests NUGT has a positive trend. |
| Stochastics (14,3) | 88.36 | OVERBOUGHT | The high Stochastics value suggests NUGT may be overbought. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for NUGT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.39 | NEUTRAL | The ADX value for NUGT suggests a possible start of a new trend. |
150.45
-9.09 (-5.7%)
DIREXION DAILY GOLD MINERS I / NUGT FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY GOLD MINERS I?
ChartMill assigns a technical rating of 10 / 10 to NUGT.
What is the trend direction for NUGT stock?
The current trend direction for DIREXION DAILY GOLD MINERS I (NUGT) is Bullish.
What is the RSI signal for DIREXION DAILY GOLD MINERS I (NUGT) stock?
DIREXION DAILY GOLD MINERS I (NUGT) has an RSI value of 54.899. This indicates that the stock is currently neutral.
What is the short term momentum for NUGT stock?
The short term momentum for DIREXION DAILY GOLD MINERS I (NUGT) is positive.
What are the support and resistance levels for DIREXION DAILY GOLD MINERS I (NUGT) stock?
DIREXION DAILY GOLD MINERS I (NUGT) has a support level at 132.85 and a resistance level at 159.55. Check the full technical report for our detailed analysis of NUGT support and resistance levels.