Natural Gas -3X Inverse ETN Velocityshares (DGAZ) Stock Technical Analysis
USA - NYSEARCA:DGAZ -
452.31
+22.81 (+5.31%)
445
-7.31 (-1.62%)
We assign a technical rating of 10 out of 10 to DGAZ. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, DGAZ did better than 98% of all other stocks. We also observe that the gains produced by DGAZ over the past year are nicely spread over this period.
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 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
256.88
456.83
3 important support areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.31%
1 Week5.43%
2 Weeks-18.33%
1 Month51.98%
3 Month73.17%
6 Month154.68%
12 Month247.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)45.47
ATR(20)%9.33%
ATR Inc-21.62%
Range Today41.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.07
Mansfield8.77
10 Day High589.39
10 Day Low390
20 Day High589.39
20 Day Low303.42
52 Week High589.39
52 Week Low85.41
CS1 End428.99
CR1 StartN/A
Volume & EV
DER(3)-5.82%
DER(5)-0.41%
Volume22.00K
Volume Incr-93.18%
Vol(5)21.28K
Vol(50)612.80K