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Index Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Direxion Daily Gold Miners Index Bull 3X Shares (GIF:NUGT)

Countertrend Down (-85) - NUGT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid NUGT?

MarketClub looks at technical strength and momentum to determine if the timing is right for NUGT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_NUGT
Open High Low NUGT Price Change
69.1304 69.1304 69.1304 69.1304 +1.7726
Entry Signal

MarketClub’s Trade Triangles for NUGT

long term down The long-term trend has been DOWN since Oct 28th, 2020 at 73.3560

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2020 at 70.9952

short term up The short-term trend has been UP since Nov 30th, 2020 at 63.2830

Smart Scan Analysis for NUGT

Based on our trend formula, NUGT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for NUGT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.1304 69.1304 69.1304 69.1304 +1.7726
Prev. Close Volume Bid Ask Time
84.4794 0 2020-12-04 08:00:10
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