Index Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Direxion Daily Junior Gold Miners Index Bull 3X Shares (GIF:JNUG)
Long-Term Downtrend (-90) - JNUG is in a strong downtrend that is likely to continue. While JNUG 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 JNUG?
MarketClub looks at technical strength and momentum to determine if the timing is right for JNUG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JNUG
The long-term trend has been DOWN since Nov 18th, 2020 at 109.4627
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 91.0851
The short-term trend has been DOWN since Feb 25th, 2021 at 88.9192
Smart Scan Analysis for JNUG
Based on our trend formula, JNUG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).