PROCURE SPACE ETF (UFO) Technical Analysis
NASDAQ:UFO • US74280R2058
Current stock price
51.36 USD
-0.29 (-0.56%)
At close:
51.43 USD
+0.07 (+0.14%)
After Hours:
UFO Technical Rating and Analysis
Overall UFO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, UFO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that UFO is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, UFO also shows a nice and consistent pattern of rising prices.
- UFO 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 UFO is lagging the market slightly.
- In the last month UFO has a been trading in the 47.88 - 55.91 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
UFO Weekly and Daily overview Charts
UFO Setup Rating and Analysis
Besides having an excellent technical rating, UFO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
UFO Support and Resistance Analysis
39.80
51.87
6 important support areas can be observed.
- Support @49.60 from a horizontal line in the daily time frame.
- A support zone ranging from 47.61 to 47.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.42 from a trend line in the daily time frame.
- A support zone ranging from 43.98 to 44.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.11 from a horizontal line in the daily time frame.
- Support @40.20 from a trend line in the weekly time frame.
UFO 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 UFO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UFO is neutral. |
| ChartMill Relative Strength | 93.03 | POSITIVE | UFO has a high relative strength, it outperformed 93.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UFO is below 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) | 54.09 | NEUTRAL | The RSI value for UFO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests UFO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.58 | NEUTRAL | The Stochastics value for UFO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for UFO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for UFO suggests a weak or negative trend. |
UFO Chart- and CandleStick Pattern Analysis
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)
UFO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.98 | 49.59 | 2.39 (4.59%) | 21.78% |
| An entry @51.98. This is a Buy Stop order right above the 10 day moving average. | An exit @49.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.39 points, which is 4.59%. | When investing 21.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of UFO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
UFO Technicals: Chart, Performance Metrics, Trend & Indicators
51.36
-0.29 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.56%
1 Week0.65%
2 Weeks-6.09%
1 Month4.45%
3 Month13.03%
6 Month36.27%
12 Month125.96%
2 Year210.52%
3 Year175.83%
5 Year70.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%3.25%
ATR Inc2.15%
Range Today1.28
ADR(20)1.55
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.03
3 months CRS84.94
6 months CRS91.14
Mansfield2.7
10 Day High55.62
10 Day Low48.86
20 Day High55.91
20 Day Low47.88
52 Week High55.91
52 Week Low22.31
CS1 End49.6
CR1 StartN/A
Volume & EV
DER(3)-3.44%
DER(5)-2.19%
Volume565.80K
Volume Incr-14.7%
Vol(5)780.68K
Vol(50)678.28K
PROCURE SPACE ETF / UFO TA FAQ
What is the ChartMill technical rating of PROCURE SPACE ETF (UFO) stock?
ChartMill assigns a technical rating of 10 / 10 to UFO.
What is the current trend direction of PROCURE SPACE ETF (UFO) stock?
The current trend direction for PROCURE SPACE ETF (UFO) is Bullish.
What is the RSI signal for PROCURE SPACE ETF (UFO) stock?
PROCURE SPACE ETF (UFO) has an RSI value of 54.0886. This indicates that the stock is currently neutral.
What are the support and resistance levels for PROCURE SPACE ETF (UFO) stock?
PROCURE SPACE ETF (UFO) has a support level at 49.6. Check the full technical report for our detailed analysis of UFO support and resistance levels.