We assign a technical rating of 0 out of 10 to UGAZ. UGAZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
10.71
3 important resistance areas can be observed.
- 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.
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. |
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 FAQ
What is the technical rating for UGAZ stock?
ChartMill assigns a technical rating of 0 / 10 to UGAZ.
What is the trend direction for UGAZ stock?
The current trend direction for Natural Gas 3X Long ETN Velocityshares (UGAZ) is Bearish.
What is the RSI signal for Natural Gas 3X Long ETN Velocityshares (UGAZ) stock?
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 MACD signal for Natural Gas 3X Long ETN Velocityshares (UGAZ) stock?
The MACD indicator for Natural Gas 3X Long ETN Velocityshares (UGAZ) has a value of 0.604221, indicating a bearish trend.
Can you provide the short term momentum for Natural Gas 3X Long ETN Velocityshares?
The short term momentum for Natural Gas 3X Long ETN Velocityshares (UGAZ) is negative.