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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.

GIF_NUGT
Open High Low NUGT Price Change
87.2101 94.8077 87.2101 94.5409 +7.3309
Entry Signal

MarketClub’s Trade Triangles for NUGT

long term up The long-term trend has been UP since Apr 23rd, 2020 at 42.8370

intermediate term up The intermediate-term trend has been UP since Jun 23rd, 2020 at 74.7092

short term down 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).

+65
Smart Scan Analysis for NUGT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
87.2101 94.8077 87.2101 94.5409 +7.3309
Prev. Close Volume Bid Ask Time
63.1580 0 2020-08-13 12:57:13
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