PROSHARES ULTRA GOLD (UGL) Technical Analysis
NYSEARCA:UGL • US74347W6012
Current stock price
62.54 USD
+1.59 (+2.61%)
At close:
61.17 USD
-1.37 (-2.19%)
Pre-Market:
UGL Technical Rating and Analysis
Overall UGL gets a technical rating of 7 out of 10. In the last year, UGL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, UGL did better than 83% of all other stocks. We also observe that the gains produced by UGL over the past year are nicely spread over this period.
- In the last month UGL has a been trading in the 53.36 - 66.53 range, which is quite wide. It is currently trading near the high of this range.
- UGL has an average volume of 3980090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- UGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UGL is lagging the market.
- Considerably lower volume is observed in the last couple of days.
UGL Weekly and Daily overview Charts
UGL Setup Rating and Analysis
Although UGL has an excellent technical rating, it does not present a decent entry opportunity 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
UGL Support and Resistance Analysis
47.11
74.34
5 important support areas can be observed.
- Support @59.94 from a trend line in the weekly time frame.
- Support @57.14 from a horizontal line in the weekly time frame.
- Support @55.74 from a trend line in the daily time frame.
- A support zone ranging from 52.97 to 53.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 63.68 to 64.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.65 to 65.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @73.60 from a trend line in the daily time frame.
UGL 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 UGL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UGL is neutral. |
| ChartMill Relative Strength | 83.86 | POSITIVE | UGL has a high relative strength, it outperformed 83.86% 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) | DOWN | NEGATIVE | The current price of UGL is below a declining 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) | 47.17 | NEUTRAL | The RSI value for UGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests UGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.06 | NEUTRAL | The Stochastics value for UGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for UGL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.93 | NEGATIVE | The low ADX value for UGL suggests a weak or negative trend. |
UGL 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)
UGL Technicals: Chart, Performance Metrics, Trend & Indicators
62.54
+1.59 (+2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.61%
1 Week-2.51%
2 Weeks0.11%
1 Month14.61%
3 Month-14.85%
6 Month21.82%
12 Month77.18%
2 Year228.64%
3 Year292.96%
5 Year334.46%
10 Year475.61%
15 Year197.39%
Volatility
ATR(14)2.32
ATR(20)%4.4%
ATR Inc25.72%
Range Today0.96
ADR(20)2.01
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.86
3 months CRS18.43
6 months CRS85.68
Mansfield1.52
10 Day High66.53
10 Day Low60.65
20 Day High66.53
20 Day Low53.36
52 Week High90.4
52 Week Low32.11
CS1 End59.94
CR1 Start63.68
Volume & EV
DER(3)-2.77%
DER(5)-0.63%
Volume1.35M
Volume Incr-50.48%
Vol(5)2.11M
Vol(50)3.98M
PROSHARES ULTRA GOLD / UGL TA FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRA GOLD?
ChartMill assigns a technical rating of 7 / 10 to UGL.
What is the trend direction for UGL stock?
The current trend direction for PROSHARES ULTRA GOLD (UGL) is Bullish.
What is the RSI signal for UGL stock?
PROSHARES ULTRA GOLD (UGL) has an RSI value of 47.1742. This indicates that the stock is currently neutral.
What is the MACD signal for UGL stock?
The MACD indicator for PROSHARES ULTRA GOLD (UGL) has a value of 0.456262, indicating a bearish trend.
Can you provide the short term momentum for PROSHARES ULTRA GOLD?
The short term momentum for PROSHARES ULTRA GOLD (UGL) is neutral.