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NRGD
ETF ticker: NYSE ARCA
AS OF
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Net Assets
98.06M

NRGD MicroSectors™ US Big Oil -3X Ivs Lgd ETN Forecast, Technical & Fundamental Analysis

Category BearMarket
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NRGD with price predictions
08:00 PM EDT Sep 28, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), MARATHON PETROLEUM Corp (NYSE:MPC), Occidental Petroleum Corp (NYSE:OXY), Phillips 66 (NYSE:PSX), Pioneer Natural Resource Co (NYSE:PXD), Valero Energy Corp (NYSE:VLO).

Industry description

The investment seeks to reflect a 3x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.

Market Cap

The average market capitalization across the MicroSectors™ US Big Oil -3X Ivs Lgd ETN ETF is 133.37B. The market cap for tickers in the group ranges from 50.04B to 476.27B. XOM holds the highest valuation in this group at 476.27B. The lowest valued company is VLO at 50.04B.

High and low price notable news

The average weekly price growth across all stocks in the MicroSectors™ US Big Oil -3X Ivs Lgd ETN ETF was -4%. For the same ETF, the average monthly price growth was -9%, and the average quarterly price growth was -35%. EOG experienced the highest price growth at 3%, while VLO experienced the biggest fall at -2%.

Volume

The average weekly volume growth across all stocks in the MicroSectors™ US Big Oil -3X Ivs Lgd ETN ETF was 25%. For the same stocks of the ETF, the average monthly volume growth was 62% and the average quarterly volume growth was 4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 71
P/E Growth Rating: 57
Price Growth Rating: 27
SMR Rating: 31
Profit Risk Rating: 37
Seasonality Score: 17 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category BearMarket

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Fundamentals
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Trading--Inverse Equity
Address
100 King Street West, 1 First Canadian PlaceToronto, Ontario, M5X 1A1.Toronto
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NRGD
1D Price
Change %
NRGD100%
+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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