GDXU, MICROSECTORS GOLD MINERS 3X LEVERAGED ETN Daily Price Analysis..



Summary:

The daily price of GDXU, a 3x leveraged ETN tracking the performance of gold miners, entered the Bullish zone five days ago, signaling a robust upward trend. While there has been a temporary weakening of buying interest in the last 2-3 days, a correction trend seems to be in progress. However, the daily trend is once again showing signs of turning upward, indicating a resumption of the strong bullish momentum.

Outlook:

This current trend is anticipated to persist in the short term, with a continuous increase in highs. The stability observed in the Bullish zone suggests a consistent flow, and even in the face of correction trends, a brief downturn is expected before resuming the overall upward trend.

Given its 69% correlation with the Russell 2000 index, it is advisable to consider the influence of the broader U.S. market trends when making investment decisions. The consistent rise in highs implies a positive outlook, and navigating through short-term corrections is expected to yield long-term gains.

Short-Term Forecast:

In the short term, we anticipate an additional 1-2 days of upward momentum before a brief correction trend takes place. Following this correction, a resumption of the upward trend is projected.

Nov 27, 2023

◆ Closed price

30.16

4.58%

　

　

◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy]

◆ Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a suitable upward rate for the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

147%

 

 

◆ Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like GDXU stock is poised for an Uptrend tomorrow

The %intensity of Risk & Return tomorrow :

96%

HIGH ~ LOW % range tomorrow :

12.5%

2.4%

Predicted Average return over the next 3 days:

30.5%

The price of GDXU stock moves in line with the rise and fall of the stock market index with a probability of

65%

 

, and conversely, it moves against the stock market index trend with a probability of

35%

 

 

◆ GDXU stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow an ascending rectangle pattern, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected strength of the upward and downward movements, the upward strength is higher, while the downward strength is moderate. Currently, it's in the midst of a strong uptrend in prices, marked by brief declines and strong rises. and When the stock market opened, the Buy-Sell intensity had turned into a stronger buying flow.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be either today or tomorrow.

The buying date is

Nov 28

 

 

A good price to buy a stock:

$ 30.90

And the appropriate selling timing is predicted to be in 2 days.

 

The selling date is

Nov 28

to

Nov 29

A good price to sell a stock:

$ 34.34

(Prediction may shift due to changes in the Buy-Sell intensity)

◆ Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

◆ Predicting the Turning Point of the Trend

The probability of a trend reversal occurring approximately 2 days from now, 5 days from now, 9 days from now

 

◆ Prediction of Upper~Lower price range over the next 10 days

Price:

27.75

~

37.04

% Change:

-8.0%

~

22.8%

Median price between the upper and lower prices

32.39

7.4%

◆ Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bullish

6%

The Current trend zone & level%

Bullish

37%

The expected average trend zone & level% for the next 10 days

Bullish

53%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

82%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-35%

(Min -100%)

◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Uptrend

96%

12.5%

2.4%

In 2 days: Entering a correction trend

77%

8.9%

1.7%

In 3 days: Correction trend

-36%

1.9%

-3.2%

In 4 days: Entering an uptrend

-46%

0.8%

-4.9%

In 5 days: Entering an uptrend

-11%

1.3%

-1.2%

In 6 days: Uptrend

92%

10.1%

2.5%

In 7 days: Entering a correction trend

92%

8.9%

2.0%

In 8 days: Entering a correction trend

53%

5.4%

1.2%

In 9 days: Entering a correction trend

-33%

1.3%

-2.5%

In 10 days: Correction trend

-48%

0.6%

-3.6%

◆ Average closing price in case of rising:

 

4.3%

=> HIGH ~ LOW range:

5.7%

~

-1.5%

◆ Average closing price in case of falling:

 

-3.4%

=> HIGH ~ LOW range:

1.8%

~

-5.3%

The 10-day prediction and technical analysis of GDXU stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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