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Direxion Daily Gold Miners Bull 3X Shares (NUGT) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 16 Nov 2017NoneBearish EngulfingFri, 03 Nov 20171.11%
***Stock database and scans are updated around midnight (New York time) every trading day.
29.02 0.00 (0%) Nov 16 4:00pm EST
Open: 28.97 Range: 28.81 - 29.32 Vol: 3.28M Avg Vol: 6.28M
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "NUGT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 29.01
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 29.84
Last Trade is below the 50 day moving average at 32.79
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 34.88
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of NUGT

ETF Trend Analysis - Buy, Sell or Hold "Direxion Daily Gold Miners Bull 3X Shares" (NUGT)?

NUGT is in a very strong downtrend. For the last 52 weeks, NUGT has maintained to stay firmly below the 200 day moving average for 95% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is indicating very strong downtrend as NUGT has been trading below its 20 SMA for 87.5% of the time in the last 8 weeks. NUGT may be overdue for a relief rally but it has to be noted that as NUGT is still in a downtrend characterized by the 200 SMA, currently at 34.88, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "NUGT".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 16 Nov 2017
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