NRGU Stock Summary and Trading Ideas (Microsectors US Big Oil Index 3X Leveraged ETN | ARCA:NRGU)

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 US Big Oil Index 3X Leveraged ETN trades on the ARCA stock market under the symbol NRGU.

As of April 24, 2024, NRGU stock price declined to $647.70 with 6,699 million shares trading.

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

NRGU has a market cap of $2.43 billion. This is considered a Mid Cap stock.

In the last 3 years, NRGU stock traded as high as $797.00 and as low as $85.89.

NRGU has outperformed the market in the last year with a return of +59.9%, while the SPY ETF gained +24.1%. In the last 3 month period, NRGU beat the market returning +75.9%, while SPY returned +4.4%. However, in the most recent 2 weeks NRGU has underperformed the stock market by returning -6.0%, while SPY returned -2.8%.

NRGU support price is $624.94 and resistance is $672.34 (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 NRGU stock will trade within this expected range on the day.