Natural Gas 3X Long ETN Velocityshares (UGAZ) Technical Analysis
NYSEARCA:UGAZ
Current stock price
UGAZ Technical Rating and Analysis
Taking everything into account, UGAZ scores 0 out of 10 in our technical rating. UGAZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than UGAZ.
- UGAZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- UGAZ has an average volume of 15800000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month UGAZ has a been trading in the 6.75 - 13.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UGAZ Weekly and Daily overview Charts
UGAZ Setup Rating and Analysis
UGAZ has a poor technical rating and the quality of the setup is also 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
UGAZ Support and Resistance Analysis
10.71
We can see 3 important resistance areas.
- Resistance @11.48 from a trend line in the daily time frame.
- Resistance @12.12 from a horizontal line in the daily time frame.
- Resistance @12.79 from a trend line in the daily time frame.
UGAZ 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 | DOWN | NEGATIVE | The long term trend for UGAZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UGAZ is down. |
| ChartMill Relative Strength | 0.13 | NEGATIVE | UGAZ has a low relative strength, it was outperformed by 99.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UGAZ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UGAZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UGAZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.29 | NEUTRAL | The RSI value for UGAZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests UGAZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.83 | NEUTRAL | The Stochastics value for UGAZ is a neutral value. |
| Average True Range in percent/ATR (20) | 12.47 | HIGH VOLATILITY | The high ATR as a percentage value for UGAZ suggests high volalility. |
UGAZ Chart- and CandleStick Pattern Analysis
UGAZ Technicals: Chart, Performance Metrics, Trend & Indicators
Natural Gas 3X Long ETN Velocityshares
NYSEARCA:UGAZ (7/10/2020, 8:04:06 PM)
After market: 10.9 +0.08 (+0.74%)10.82
+0.53 (+5.15%)
Natural Gas 3X Long ETN Velocityshares / UGAZ TA FAQ
What is the technical rating for UGAZ stock?
ChartMill assigns a technical rating of 0 / 10 to UGAZ.
Can you provide the trend direction for Natural Gas 3X Long ETN Velocityshares?
The current trend direction for Natural Gas 3X Long ETN Velocityshares (UGAZ) is Bearish.
Can you provide the RSI signal for Natural Gas 3X Long ETN Velocityshares?
Natural Gas 3X Long ETN Velocityshares (UGAZ) has an RSI value of 46.2931. This indicates that the stock is currently neutral.
What is the buy/sell signal for Natural Gas 3X Long ETN Velocityshares (UGAZ) stock?
The buy/sell signal for Natural Gas 3X Long ETN Velocityshares (UGAZ) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for Natural Gas 3X Long ETN Velocityshares?
Natural Gas 3X Long ETN Velocityshares (UGAZ) has a resistance level at 11.48. Check the full technical report for our detailed analysis of UGAZ support and resistance levels.