NRGD - bullishNRGD price reached a support level and its RSI reached a support ptichfork line. Expecting it to go up tomorrow.
Key stats
About Bank Of Montreal MicroSectors U.S. Big Oil -3 Inverse Leveraged ETNs due February 17, 2045
Home page
Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
The ETNs seek to provide three times leveraged inverse participation in the gross total return version of the Solactive MicroSectors U.S. Big Oil Index (the Index)
Classification
NRGD a 3X Leveraged ETF that shorts oilNRGD goes up when oil goes down; this ETF tracks the oil futures ; it is leveraged and managed.
Here on the one-hour chart with an Bollinger Bands and EMA bands indicator added, it can be
seen that price had been trending down in two waves beginning June 1st , Upon dropping
outside the BB lower
NRGD, bouncing off 10 dayNRGD can make huge moves, the sector has been extremely strong for the past year by holding near the top of its range (most things havent done that)
In bear markets, everything falls, and typically oil stocks get absolutely hammered. ''08.. ''20.. As a result this has the potential to be a great tr
I used a TOW uptrend filter and found thisgoes in uptrend, I dont have much experience trading but looks pretty safe to me.
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Displays a symbol's price movements over previous years to identify recurring trends.