VS 3X Silver (USLV) Technical Analysis
NASDAQ:USLV
Current stock price
USLV Technical Rating and Analysis
Overall USLV gets a technical rating of 6 out of 10. In the past year, USLV was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month USLV has a been trading in the 55.66 - 71.00 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, USLV did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- USLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so USLV is lagging the market.
USLV Weekly and Daily overview Charts
USLV Setup Rating and Analysis
Although the technical rating is only medium, USLV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 69.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for USLV 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
USLV Support and Resistance Analysis
44.26
3 important support areas can be observed.
- A support zone ranging from 60.87 to 61.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.43 to 59.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.71 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 69.37 to 70.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @72.78 from a horizontal line in the weekly time frame.
- Resistance @91.62 from a trend line in the weekly time frame.
USLV 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 | NEUTRAL | NEUTRAL | The long term trend for USLV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USLV is up. |
| ChartMill Relative Strength | 88.87 | POSITIVE | USLV has a high relative strength, it outperformed 88.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of USLV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for USLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests USLV has a negative trend. |
| Stochastics (14,3) | 79.92 | NEUTRAL | The Stochastics value for USLV is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for USLV suggests high volalility. |
USLV Chart- and CandleStick Pattern Analysis
USLV Technicals: Chart, Performance Metrics, Trend & Indicators
66.52
-0.61 (-0.91%)
VS 3X Silver / USLV TA FAQ
What is the technical rating for USLV stock?
ChartMill assigns a technical rating of 5 / 10 to USLV.
Can you provide the trend direction for VS 3X Silver?
The current trend direction for VS 3X Silver (USLV) is Bearish.
Can you provide the RSI signal for VS 3X Silver?
VS 3X Silver (USLV) has an RSI value of 53.7689. This indicates that the stock is currently neutral.
What are the support and resistance levels for VS 3X Silver (USLV) stock?
VS 3X Silver (USLV) has a support level at 61.53 and a resistance level at 69.37. Check the full technical report for our detailed analysis of USLV support and resistance levels.