PROSHARES ULTRA GOLD (UGL) Stock Technical Analysis
NYSEARCA:UGL • US74347W6012
Taking everything into account, UGL scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, UGL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that UGL is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by UGL over the past year are nicely spread over this period.
- UGL 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 UGL is lagging the market slightly.
- UGL has an average volume of 6691430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month UGL has a been trading in the 61.04 - 90.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, UGL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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43.97
When analyzing the support we can see 3 important areas.
- Support @69.88 from a trend line in the daily time frame.
- A support zone ranging from 67.08 to 68.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.41 from a trend line in the weekly 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 UGL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UGL is up. |
| ChartMill Relative Strength | 96.88 | POSITIVE | UGL has a high relative strength, it outperformed 96.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.05 | NEUTRAL | The RSI value for UGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests UGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.79 | NEUTRAL | The Stochastics value for UGL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for UGL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for UGL suggests a strong trend. |
74.54
+2.85 (+3.98%)
PROSHARES ULTRA GOLD / UGL FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRA GOLD?
ChartMill assigns a technical rating of 10 / 10 to UGL.
What is the trend direction for UGL stock?
The current trend direction for PROSHARES ULTRA GOLD (UGL) is Bullish.
Can you provide the RSI signal for PROSHARES ULTRA GOLD?
PROSHARES ULTRA GOLD (UGL) has an RSI value of 56.047. This indicates that the stock is currently neutral.
What is the buy/sell signal for PROSHARES ULTRA GOLD (UGL) stock?
The buy/sell signal for PROSHARES ULTRA GOLD (UGL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for UGL stock?
PROSHARES ULTRA GOLD (UGL) has a support level at 69.88. Check the full technical report for our detailed analysis of UGL support and resistance levels.