LEVERAGE SHARES 2X BULL (BULG) Stock Technical Analysis
USA - NASDAQ:BULG - US88340C8670 - ETF
We assign a technical rating of 1 out of 10 to BULG. BULG performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
BULG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.78
We found 1 important resistance area.
- A resistance zone ranging from 7.80 to 7.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BULG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BULG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BULG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BULG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BULG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 33.77 | NEUTRAL | The RSI value for BULG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BULG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.16 | OVERSOLD | The low Stochastics value suggests BULG may be oversold. |
| Average True Range in percent/ATR (20) | 14.38 | HIGH VOLATILITY | The high ATR as a percentage value for BULG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.11 | POSITIVE | The high ADX value value for BULG suggests a strong trend. |
6.85
+0.05 (+0.74%)
LEVERAGE SHARES 2X BULL / BULG FAQ
Can you provide the ChartMill technical rating for LEVERAGE SHARES 2X BULL?
ChartMill assigns a technical rating of 1 / 10 to BULG.
What is the trend direction for BULG stock?
The current trend direction for LEVERAGE SHARES 2X BULL (BULG) is Bullish.
What is the RSI signal for LEVERAGE SHARES 2X BULL (BULG) stock?
LEVERAGE SHARES 2X BULL (BULG) has an RSI value of 33.7656. This indicates that the stock is currently neutral.
What is the short term momentum for BULG stock?
The short term momentum for LEVERAGE SHARES 2X BULL (BULG) is negative.
What is the support and resistance level for BULG stock?
LEVERAGE SHARES 2X BULL (BULG) has a resistance level at 7.8. Check the full technical report for our detailed analysis of BULG support and resistance levels.