Natural Gas -3X Inverse ETN Velocityshares (DGAZ) Stock Technical Analysis
USA - NYSEARCA:DGAZ -
Taking everything into account, DGAZ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DGAZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although DGAZ has an excellent technical rating, the quality of the presented setup is not ideal 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
256.88
We found 3 important support 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.
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. |
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 FAQ
What is the ChartMill technical rating of Natural Gas -3X Inverse ETN Velocityshares (DGAZ) stock?
ChartMill assigns a technical rating of 10 / 10 to DGAZ.
Can you provide the trend direction for Natural Gas -3X Inverse ETN Velocityshares?
The current trend direction for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is Bullish.
What is the RSI signal for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) stock?
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 buy/sell signal for DGAZ stock?
The buy/sell signal for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Natural Gas -3X Inverse ETN Velocityshares?
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.