Index Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
Direxion Daily Gold Miners Index Bull 3X Shares (GIF:NUGT)
Weak Uptrend (+65) - NUGT is showing signs of weakening momentum to the upside. Monitor NUGT as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for NUGT
The long-term trend has been UP since Apr 23rd, 2020 at 42.8370
The intermediate-term trend has been UP since Jun 23rd, 2020 at 74.7092
The short-term trend has been DOWN since Aug 11th, 2020 at 101.8586
Smart Scan Analysis for NUGT
Based on our trend formula, NUGT is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).