JNUG Stock Direxion Daily Jr Gld Mnrs Bull 2X ETF (JNUG, $38.78) Moving Average Convergence Divergence (MACD) Histogram turned positive on January 3, 2025

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JNUG - Direxion Daily Jr Gld Mnrs Bull 2X ETF

MACD signal

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Odds of UP Trend

Price: $38.78

Daily change: -$0.96 (-2.42%)

Daily volume: 706K

Net Assets: $294.6M

JNUG's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for JNUG moved out of oversold territory on December 31, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 34 similar instances when the indicator left oversold territory. In of the 34 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on JNUG as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for JNUG just turned positive on January 03, 2025. Looking at past instances where JNUG's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JNUG advanced for three days, in of 277 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where JNUG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

JNUG broke above its upper Bollinger Band on January 08, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.