RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NRGU
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Green day on Thursday for NRGU ETF after gaining 3.49%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 32.39% PDF

The NRGU ETF price gained 3.49% on the last trading day (Thursday, 28th Mar 2024), rising from $594.99 to $615.77. During the last trading day the ETF fluctuated 4.25% from a day low at $592.79 to a day high of $618.00. The price has risen in 7 of the last 10 days and is up by 12.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately $19.30 million.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 44.25% during the next 3 months and, with a 90% probability hold a price between $744.03 and $925.05 at the end of this 3-month period.

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NRGU Signals & Forecast

Mostly positive signals in the chart today. The NRGU ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $590.20 and $495.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 18, 2024, and so far it has risen 72.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for NRGU ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $530.82 and $497.22. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, NRGU finds support just below today's level at $530.82. If this is broken, then the next support from accumulated volume will be at $497.22 and $465.11.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $25.21 between high and low, or 4.25%. For the last week, the ETF has had daily average volatility of 3.48%.

The NRGU ETF is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: $595.94 (-3.22%) (This ETF has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (NRGU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Microsectors Us Big Oil Index 3x Leveraged Etn to open at $608.85, and during the day (based on 14 day Average True Range), to move between $596.19 and $635.35, which gives a possible trading interval of +/-$19.58 (+/-3.18%) up or down from last closing price. If Microsectors Us Big Oil Index 3x Leveraged Etn takes out the full calculated possible swing range there will be an estimated 6.36% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $530.82, some $84.95 (13.80%) from the current price of $615.77, our system finds the risk reward attractive.

Is Microsectors Us Big Oil Index 3x Leveraged Etn ETF A Buy?

NRGU holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.111 Strong Buy Candidate Unchanged

Predicted Opening Price for Microsectors Us Big Oil Index 3x Leveraged Etn of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$608.85 ( 1.12%) $615.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NRGU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 634.06 2.97 %
R2 624.43 1.41 %
R1 618.48 0.441 %
Current price: 615.77
Support S1 599.22 -2.69 %
S2 593.27 -3.65 %
S3 583.64 -5.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 615.77
Support S1 530.82 -13.80%
S2 497.22 -19.25%
S3 465.11 -24.47%

FAQ

What is the symbol for NRGU ETF and on which exchange is it traded?
The symbol for NRGU is NRGU and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell NRGU ETF?
NRGU holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy NRGU ETF?
NRGU ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NRGU ETF.

What's the current price of NRGU ETF?
As of the end of day on the 2024-03-28, the price of an NRGU (NRGU) share was $615.77.

What is the 52-week high and low for NRGU ETF?
The 52-week high for NRGU ETF is $618.00 and the 52-week low is $289.33.

What is the market capitalization of NRGU ETF?
As of the 2024-03-28, the market capitalization of NRGU is 1.675B.
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About Microsectors Us Big Oil Index 3x Leveraged Etn

The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index... NRGU Profile

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