NRGD Stock Summary and Trading Ideas (Microsectors U.S. Big Oil Index -3X Inverse Leveraged Etns | ARCA:NRGD)

The return on the MicroSectors U.S. Big Oil Index 3X Leveraged ETNs (3X ETNs) is linked to a three times leveraged participation in the performance of the Index, compounded daily, minus the applicable fees. The ETNs provide levered exposure to the Solactive MicroSectors U.S. Big Oil Index. The Solactive MicroSectors U.S. Big Oil Index, an equal-dollar weighted index, was created by Solactive AG in 2019 to provide exposure to the 10 largest U.S. energy and oil companies. MicroSectors provide concentrated exposure to 10 stocks in a given sub-sector, or microsector .

Microsectors U.S. Big Oil Index -3X Inverse Leveraged Etns trades on the ARCA stock market under the symbol NRGD.

As of April 19, 2024, NRGD stock price declined to $142.71 with 45,806 million shares trading.

NRGD has a beta of -1.66, meaning it tends to be less sensitive to market movements. NRGD has a correlation of 0.10 to the broad based SPY ETF.

NRGD has a market cap of $71.35 million. This is considered a Micro Cap stock.

In the last 3 years, NRGD stock traded as high as $11,670.00 and as low as $123.00.

NRGD has underperformed the market in the last year with a return of -50.7%, while the SPY ETF gained +21.2%. In the last 3 month period, NRGD fell short of the market, returning -44.7%, while SPY returned +3.0%. However, in the most recent 2 weeks NRGD has outperformed the stock market by returning +14.9%, while SPY returned -4.5%.

NRGD support price is $142.62 and resistance is $152.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NRGD stock will trade within this expected range on the day.