Natural Gas -3X Inverse ETN Velocityshares (DGAZ) Technical Analysis
NYSEARCA:DGAZ
Current stock price
DGAZ Technical Rating and Analysis
Overall DGAZ gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DGAZ is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DGAZ did better than 98% of all other stocks. On top of that, DGAZ also shows a nice and consistent pattern of rising prices.
- DGAZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DGAZ is lagging the market slightly.
- In the last month DGAZ has a been trading in the 303.42 - 589.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
DGAZ Weekly and Daily overview Charts
DGAZ Setup Rating and Analysis
DGAZ has an excellent technical rating, but the quality of the setup is only medium 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
DGAZ Support and Resistance Analysis
256.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 422.58 to 428.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @402.23 from a horizontal line in the daily time frame.
- Support @259.47 from a trend line in the weekly time frame.
DGAZ Technical Indicator Signal Analysis
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 DGAZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DGAZ is up. |
| ChartMill Relative Strength | 98.07 | POSITIVE | DGAZ has a high relative strength, it outperformed 98.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DGAZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGAZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGAZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.78 | NEUTRAL | The RSI value for DGAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.36 | NEGATIVE | The MACD value suggests DGAZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.06 | NEUTRAL | The Stochastics value for DGAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for DGAZ suggests high volalility. |
DGAZ Chart- and CandleStick Pattern Analysis
DGAZ Technicals: Chart, Performance Metrics, Trend & Indicators
Natural Gas -3X Inverse ETN Velocityshares
NYSEARCA:DGAZ (7/10/2020, 8:11:57 PM)
After market: 445 -7.31 (-1.62%)452.31
+22.81 (+5.31%)
Natural Gas -3X Inverse ETN Velocityshares / DGAZ TA FAQ
What is the technical rating for DGAZ stock?
ChartMill assigns a technical rating of 10 / 10 to DGAZ.
What is the current trend direction of Natural Gas -3X Inverse ETN Velocityshares (DGAZ) stock?
The current trend direction for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is Bullish.
Can you provide the RSI signal for Natural Gas -3X Inverse ETN Velocityshares?
Natural Gas -3X Inverse ETN Velocityshares (DGAZ) has an RSI value of 58.7804. This indicates that the stock is currently neutral.
What is the short term momentum for DGAZ stock?
The short term momentum for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is positive.
What are the support and resistance levels for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) stock?
Natural Gas -3X Inverse ETN Velocityshares (DGAZ) has a support level at 428.99. Check the full technical report for our detailed analysis of DGAZ support and resistance levels.