+Compare
NUGT
ETF ticker:
NYSE ARCA
AS OF
Loading...
Price
Loading...
Change
Loading...
Net Assets
505.27M

NUGT Price Prediction, Direxion Daily Gold Miners Bull 2X ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

GET INTRADAY SIGNALS
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for NUGT with price predictions
08:00 PM EDT Jun 08, 2023

NUGT in downward trend: price dove below 50-day moving average on May 17, 2023

NUGT moved below its 50-day moving average on May 17, 2023 date and that indicates a change from an upward trend to a downward trend. In of 41 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day moving average for NUGT crossed bearishly below the 50-day moving average on May 23, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 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 .

NUGT broke above its upper Bollinger Band on May 04, 2023. 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.

The Aroon Indicator for NUGT entered a downward trend on June 08, 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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NUGT's RSI Indicator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where NUGT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 08, 2023. You may want to consider a long position or call options on NUGT as a result. In of 91 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 NUGT just turned positive on June 08, 2023. Looking at past instances where NUGT's MACD turned positive, the stock continued to rise in of 47 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 NUGT advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the NYSE Arca Gold Miners Index. The index is comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, in mining for silver. It invests at least 80% of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index which provide returns consistent with the objective. It is non-diversified.
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
BAFGX25.250.07
+0.28%
Brown Advisory Growth Equity Inst
BGLUX28.880.05
+0.17%
Baron Global Advantage R6
VDSYX19.10N/A
N/A
Victory Diversified Stock Y
JUEMX19.34N/A
N/A
JPMorgan US Equity R6
CSMDX14.29-0.08
-0.56%
Copeland SMID Cap Dividend Growth I

NUGT and

Correlation & Price change

A.I.dvisor indicates that over the last year, NUGT has been loosely correlated with SSO. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if NUGT jumps, then SSO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NUGT
1D Price
Change %
NUGT100%
-2.87%
SSO - NUGT
43%
Loosely correlated
+0.29%
SPXL - NUGT
43%
Loosely correlated
+0.59%
QLD - NUGT
39%
Loosely correlated
+0.73%
SOXL - NUGT
39%
Loosely correlated
+0.54%
TQQQ - NUGT
39%
Loosely correlated
+1.22%