Technical Analysis for NRGU - MicroSectors U.S. Big Oil Index 3X Leveraged ETN

Grade Last Price % Change Price Change
C 506.86 1.36% 6.80
NRGU closed up 1.25 percent on Monday, July 1, 2024, on 1.54 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.11%
Outside Day Range Expansion 0.11%
Gapped Up Strength 0.11%
Overbought Stochastic Strength 0.11%
Up 3 Days in a Row Strength 0.11%
Upper Bollinger Band Touch Strength 0.11%
Stochastic Sell Signal Bearish 1.36%
NR7 Range Contraction 1.36%
NR7-2 Range Contraction 1.36%
Gapped Up Strength 1.36%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 8 hours ago
60 Minute Opening Range Breakdown about 9 hours ago
Outside Day about 9 hours ago
Fell Below Previous Day's Low about 9 hours ago
Down 1% about 9 hours ago

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Profile

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 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.
Classification

Sector: Other
Industry: Other
Keywords: Exchange Traded Funds Debt Leverage Energy/Oil Sector

Top 10 Components

Symbol Grade Price % Change Allocation
XOM C -0.14 10.00
VLO C 0.78 10.00
PXD A 0.00 10.00
PSX C -0.17 10.00
OXY C -0.24 10.00
MPC C 0.76 10.00
EOG C 0.53 10.00
DVN C 0.70 10.00
CVX C 0.06 10.00
COP D -0.02 10.00

Is NRGU a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 723.66
52 Week Low 307.455
Average Volume 21,859
200-Day Moving Average 483.61
50-Day Moving Average 532.00
20-Day Moving Average 476.93
10-Day Moving Average 483.75
Average True Range 22.54
RSI (14) 52.83
ADX 20.62
+DI 23.88
-DI 15.67
Chandelier Exit (Long, 3 ATRs) 460.17
Chandelier Exit (Short, 3 ATRs) 506.21
Upper Bollinger Bands 513.36
Lower Bollinger Band 440.50
Percent B (%b) 0.9
BandWidth 15.28
MACD Line -7.80
MACD Signal Line -16.12
MACD Histogram 8.3274
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 541.23
Resistance 3 (R3) 541.27 529.66 535.41
Resistance 2 (R2) 529.66 520.77 529.64 533.47
Resistance 1 (R1) 517.99 515.28 512.19 517.96 531.53
Pivot Point 506.39 506.39 503.48 506.37 506.39
Support 1 (S1) 494.72 497.49 488.91 494.68 481.11
Support 2 (S2) 483.11 492.00 483.09 479.17
Support 3 (S3) 471.44 483.11 477.23
Support 4 (S4) 471.41