NRGD MicroSectors™ US Big Oil -3X Ivs Lgd ETN Forecast, Technical & Fundamental Analysis
NRGD's RSI Oscillator ascends from oversold territory
The RSI Indicator for NRGD moved out of oversold territory on September 15, 2023. 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 43 similar instances when the indicator left oversold territory. In of the 43 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 September 21, 2023. You may want to consider a long position or call options on NRGD as a result. In of 64 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 NRGD just turned positive on September 19, 2023. Looking at past instances where NRGD's MACD turned positive, the stock continued to rise in of 32 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 NRGD advanced for three days, in of 256 cases, the price rose further within the following month. The odds of a continued upward trend are .
NRGD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 53 cases where NRGD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NRGD 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 NRGD entered a downward trend on September 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category BearMarket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GIIGX | 22.82 | N/A | N/A |
| Gabelli International Growth I | |||
| BILPX | 9.83 | N/A | N/A |
| BlackRock Event Driven Equity Instl | |||
| CPGRX | 23.38 | -0.03 | -0.13% |
| Columbia Select Mid Cap Gro Fd AD | |||
| DVSMX | 16.71 | -0.12 | -0.71% |
| Driehaus Small Cap Growth Investor | |||
| KCVIX | 14.20 | -0.11 | -0.77% |
| Knights of Columbus Large Cap Value I | |||
NRGD and
Correlation & Price change
A.I.dvisor tells us that NRGD and SPXS have been poorly correlated (+14% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that NRGD and SPXS's prices will move in lockstep.
| Ticker / NAME | Correlation To NRGD | 1D Price Change % | ||
|---|---|---|---|---|
| NRGD | 100% | +6.49% | ||
| SPXS - NRGD | 14% Poorly correlated | +0.96% | ||
| SDS - NRGD | 14% Poorly correlated | +0.60% | ||
| SH - NRGD | 14% Poorly correlated | +0.28% | ||
| SPXU - NRGD | 13% Poorly correlated | +0.93% | ||
| PSQ - NRGD | 10% Poorly correlated | -0.09% | ||
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