Bullish trend for leveraged gold miners ETF looks to continue
The Direxion Daily Gold Miners Index Bull 3x Shares (NYSE: NUGT) has been trending higher since September, but the fund has really seen the trend become more apparent since November. After falling sharply in July and August, the fund turned higher in early September, but pulled back again in the last half of October and early November.
The fund hit a low of $11.78 on November 13 and then trended higher through early January, reaching as high as $18.48 on January 3. It then proceeded to dip back down a little to its 50-day moving average and what has become the lower rail of an upward sloped trend channel.
The daily stochastic readings reached oversold territory in January and then turned higher. The fund proceeded to jump nearly 40% from January 18 through the high on January 31. The fund has pulled back again in recent weeks and has moved back down to the lower rail of the channel. The stochastic readings have moved back down to oversold territory as well, but they made a bullish crossover on March 5.
The Tickeron AI Trend Prediction tool generated a bullish signal on March 4 with a confidence level of 84% and it calls for a gain of at least 4% over the next month. Previous predictions have been correct an incredible 99% of the time.
Given the formation on the chart, the confidence level, and the success rate of previous predictions, I look for the fund to resume its upward trend over the next month.
NUGT in +2.31% Uptrend, rising for three consecutive days on July 14, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NUGT advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where NUGT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on July 15, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on NUGT as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NUGT turned negative on June 20, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
NUGT moved below its 50-day moving average on July 17, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NUGT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NUGT entered a downward trend on July 17, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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