VS 3X Gold (UGLD) Stock Technical Analysis
NASDAQ:UGLD - Nasdaq -
Taking everything into account, UGLD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, UGLD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, UGLD did better than 90% of all other stocks. We also observe that the gains produced by UGLD over the past year are nicely spread over this period.
UGLD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UGLD is performing more or less in line with the market.
In the last month UGLD has a been trading in the 165.50 - 206.92 range, which is quite wide. It is currently trading near the high of this range.
UGLD has an excellent technical rating, but the quality of the setup is 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
136.80
206.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 198.60 to 201.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 183.58 to 190.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @138.18 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @201.37 from a horizontal line in the weekly time frame.
- Resistance @204.78 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 UGLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UGLD is up. |
| ChartMill Relative Strength | 90.8 | POSITIVE | UGLD has a high relative strength, it outperformed 90.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UGLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UGLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UGLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.11 | NEUTRAL | The RSI value for UGLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.24 | POSITIVE | The MACD value suggests UGLD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.95 | OVERBOUGHT | The high Stochastics value suggests UGLD may be overbought. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for UGLD suggests some 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)
NASDAQ:UGLD (7/2/2020, 8:00:03 PM)
201.36
+1.72 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.86%
1 Week2.57%
2 Weeks9.68%
1 Month10.94%
3 Month21.23%
6 Month34.62%
12 Month71.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.48
ATR(20)%3.61%
ATR Inc13.5%
Range Today4.72
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
CRS90.8
Mansfield2.51
10 Day High206.92
10 Day Low186.72
20 Day High206.92
20 Day Low165.5
52 Week High210.21
52 Week Low114.7
CS1 End201.35
CR1 Start201.37
Volume & EV
DER(3)8.28%
DER(5)7.32%
Volume133.10K
Volume Incr-18.49%
Vol(5)155.80K
Vol(50)179.03K