Euro 2X ETN Vaneck (URR) Stock Technical Analysis
USA - NYSEARCA:URR -
Taking everything into account, URR scores 1 out of 10 in our technical rating. URR'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.
The technical rating of URR is bad and it also does not present a quality setup 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
12.21
When analyzing the support we can see 2 important areas.
- Support @12.56 from a trend line in the daily time frame.
- Support @12.33 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.10 to 14.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.38 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 | DOWN | NEGATIVE | The long term trend for URR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for URR is down. |
| ChartMill Relative Strength | 31.11 | NEUTRAL | URR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of URR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of URR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of URR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.72 | NEUTRAL | The RSI value for URR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests URR has a positive trend. |
| Stochastics (14,3) | 46.71 | NEUTRAL | The Stochastics value for URR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for URR suggests high volalility. |
NYSEARCA:URR (4/29/2020, 8:10:56 PM)
14.01
0 (0%)
Euro 2X ETN Vaneck / URR FAQ
What is the ChartMill technical rating of Euro 2X ETN Vaneck (URR) stock?
ChartMill assigns a technical rating of 1 / 10 to URR.
What is the current trend direction of Euro 2X ETN Vaneck (URR) stock?
The current trend direction for Euro 2X ETN Vaneck (URR) is Bearish.
Can you provide the RSI signal for Euro 2X ETN Vaneck?
Euro 2X ETN Vaneck (URR) has an RSI value of 46.7235. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Euro 2X ETN Vaneck?
The short term momentum for Euro 2X ETN Vaneck (URR) is negative.
What is the support and resistance level for URR stock?
Euro 2X ETN Vaneck (URR) has a support level at 12.56 and a resistance level at 14.1. Check the full technical report for our detailed analysis of URR support and resistance levels.