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Index Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

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

Long-Term Downtrend (-90) - NUGT is in a strong downtrend that is likely to continue. While NUGT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
7.7697 7.7697 7.7697 7.7697 +0.0692
Entry Signal

MarketClub’s Trade Triangles for NUGT

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for NUGT

Based on our trend formula, NUGT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NUGT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.7697 7.7697 7.7697 7.7697 +0.0692
Prev. Close Volume Bid Ask Time
7.2190 0 2020-04-06 08:00:18
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