Technical Analysis for NRGD - MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 165.30 | -1.55% | -2.61 |
NRGD closed down 1.55 percent on Monday, July 1, 2024, on approximately normal volume. It was able to find support at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Support | Bullish | 0.00% | |
| Doji - Bullish? | Reversal | 0.00% | |
| Outside Day | Range Expansion | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Stochastic Buy Signal | Bullish | -1.55% | |
| NR7 | Range Contraction | -1.55% | |
| Gapped Down | Weakness | -1.55% | |
| Oversold Stochastic | Weakness | -1.55% |
| Alert | Time |
|---|---|
| 50 DMA Support | about 10 hours ago |
| Rose Above Previous Day's High | about 10 hours ago |
| Outside Day | about 10 hours ago |
| Down 3% | about 10 hours ago |
| Fell Below Previous Day's Low | about 10 hours ago |
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Basic chart:
The investment seeks to reflect a 3x inverse leveraged 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 inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Debt Leverage Energy/Oil Sector
Classification
Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Inverse Exchange Traded Fund Debt Leverage Energy/Oil Sector
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 365.0 |
| 52 Week Low | 123.0 |
| Average Volume | 19,834 |
| 200-Day Moving Average | 198.73 |
| 50-Day Moving Average | 163.22 |
| 20-Day Moving Average | 177.18 |
| 10-Day Moving Average | 174.20 |
| Average True Range | 7.87 |
| RSI (14) | 44.13 |
| ADX | 19.45 |
| +DI | 15.29 |
| -DI | 25.06 |
| Chandelier Exit (Long, 3 ATRs) | 169.99 |
| Chandelier Exit (Short, 3 ATRs) | 184.93 |
| Upper Bollinger Bands | 191.82 |
| Lower Bollinger Band | 162.54 |
| Percent B (%b) | 0.09 |
| BandWidth | 16.52 |
| MACD Line | 0.86 |
| MACD Signal Line | 3.60 |
| MACD Histogram | -2.7396 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 177.42 | ||||
| Resistance 3 (R3) | 177.44 | 173.42 | 175.40 | ||
| Resistance 2 (R2) | 173.42 | 170.33 | 173.41 | 174.73 | |
| Resistance 1 (R1) | 169.36 | 168.43 | 167.35 | 169.34 | 174.05 |
| Pivot Point | 165.34 | 165.34 | 164.34 | 165.33 | 165.34 |
| Support 1 (S1) | 161.28 | 162.25 | 159.27 | 161.26 | 156.55 |
| Support 2 (S2) | 157.26 | 160.35 | 157.25 | 155.87 | |
| Support 3 (S3) | 153.20 | 157.26 | 155.20 | ||
| Support 4 (S4) | 153.18 |
