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.
Besides having an excellent technical rating, UGL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for UGL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
34.27
We found 6 important support areas.
- Support @56.88 from a trend line in the daily time frame.
- A support zone ranging from 55.51 to 55.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.28 from a trend line in the weekly time frame.
- Support @40.45 from a trend line in the daily time frame.
- Support @38.47 from a trend line in the weekly time frame.
- Support @34.62 from a horizontal 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 | 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 | 96.07 | POSITIVE | UGL has a high relative strength, it outperformed 96.07% 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) | 62.77 | NEUTRAL | The RSI value for UGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UGL has a positive trend. |
| Stochastics (14,3) | 61.98 | NEUTRAL | The Stochastics value for UGL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for UGL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.83 | NEUTRAL | The ADX value for UGL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.47 | 56.87 | 5.60 (8.96%) | 11.16% |
| An entry @62.47. This is a Buy Stop order right above the 10 day high. | An exit @56.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.60 points, which is 8.96%. | When investing 11.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
60.49
+0.83 (+1.39%)
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 62.7682. 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 56.88. Check the full technical report for our detailed analysis of UGL support and resistance levels.