PROCURE SPACE ETF (UFO) Stock Technical Analysis
NASDAQ:UFO - Nasdaq - US74280R2058 - ETF - Currency: USD
Taking everything into account, UFO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UFO 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, UFO did better than 93% of all other stocks. On top of that, UFO also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by UFO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month UFO has a been trading in the 26.48 - 31.56 range, which is quite wide. It is currently trading near the high of this range.
Although UFO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.77
31.72
We found 4 important support areas.
- A support zone ranging from 29.29 to 29.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.17 from a horizontal line in the daily time frame.
- Support @20.92 from a trend line in the weekly time frame.
- Support @18.96 from a horizontal line in the daily 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 UFO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UFO is up. |
| ChartMill Relative Strength | 93.96 | POSITIVE | UFO has a high relative strength, it outperformed 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UFO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UFO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UFO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.69 | OVERBOUGHT | The high RSI value suggests UFO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests UFO has a positive trend. |
| Stochastics (14,3) | 97.59 | OVERBOUGHT | The high Stochastics value suggests UFO may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for UFO suggests low volalility. |
| Average Directional Index/ADX (14) | 45.77 | POSITIVE | The high ADX value value for UFO suggests a strong trend. |
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)
31.4027
-0.07 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.21%
1 Week5.63%
2 Weeks6.56%
1 Month18.1%
3 Month47.71%
6 Month36.95%
12 Month86.37%
2 Year57.88%
3 Year49.18%
5 Year52.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%1.86%
ATR Inc35.77%
Range Today0.47
ADR(20)0.56
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.96
Mansfield2.88
10 Day High31.56
10 Day Low29.26
20 Day High31.56
20 Day Low26.48
52 Week High31.56
52 Week Low15.54
CS1 End29.72
CR1 StartN/A
Volume & EV
DER(3)3.4%
DER(5)1.56%
Volume77.30K
Volume Incr-17.6%
Vol(5)69.00K
Vol(50)72.49K