Natural Gas 3X Long ETN Velocityshares (UGAZ) Stock Technical Analysis
NYSEARCA:UGAZ - NYSE Arca -
We assign a technical rating of 0 out of 10 to UGAZ. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UGAZ is a bad performer in the overall market: 100% of all stocks are doing better.
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 has a poor technical rating and the quality of the setup is also not perfect 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
12.92
When analyzing the resistance we notice 3 important 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.
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. |
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 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.15%
1 Week13.89%
2 Weeks54.13%
1 Month-21.65%
3 Month-61.45%
6 Month-85.4%
12 Month-94.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.44
ATR(20)%12.47%
ATR Inc9.73%
Range Today0.64
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
CRS0.13
Mansfield-8.73
10 Day High13.09
10 Day Low6.96
20 Day High13.57
20 Day Low6.75
52 Week High239.8
52 Week Low6.75
CS1 EndN/A
CR1 Start11.48
Volume & EV
DER(3)1.8%
DER(5)4.64%
Volume8.33M
Volume Incr-52.19%
Vol(5)8.04M
Vol(50)15.80M