2X LONG VIX FUTURES ETF (UVIX) Technical Analysis
NYSEARCA:UVIX • US92891H6062
Current stock price
UVIX Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to UVIX. Recently some decent action could be observed, but in the medium term time frame this is still negative. UVIX was also a bad performer in the overall market in the last year.
- 87% of all other stocks performed better in the past year than UVIX.
- UVIX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so UVIX is lagging the market.
- UVIX has an average volume of 48426900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month UVIX has a been trading in the 5.60 - 10.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
UVIX Weekly and Daily overview Charts
UVIX Setup Rating and Analysis
UVIX has an average technical rating and it also does not offer a high 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
UVIX Support and Resistance Analysis
5.86
We found 2 important support areas.
- A support zone ranging from 8.81 to 8.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.92 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.14 from a trend line in the daily time frame.
- A resistance zone ranging from 9.39 to 9.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
UVIX 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 | DOWN | NEGATIVE | The long term trend for UVIX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UVIX is up. |
| ChartMill Relative Strength | 13.12 | NEGATIVE | UVIX has a low relative strength, it was outperformed by 86.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UVIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UVIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UVIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.29 | NEUTRAL | The RSI value for UVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests UVIX has a positive trend. |
| Stochastics (14,3) | 58.45 | NEUTRAL | The Stochastics value for UVIX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.95 | HIGH VOLATILITY | The high ATR as a percentage value for UVIX suggests high volalility. |
| Average Directional Index/ADX (14) | 39.05 | POSITIVE | The high ADX value value for UVIX suggests a strong trend. |
UVIX Chart- and CandleStick Pattern Analysis
UVIX Technicals: Chart, Performance Metrics, Trend & Indicators
8.86
+0.26 (+3.02%)
2X LONG VIX FUTURES ETF / UVIX TA FAQ
Can you provide the ChartMill technical rating for 2X LONG VIX FUTURES ETF?
ChartMill assigns a technical rating of 4 / 10 to UVIX.
What is the current trend direction of 2X LONG VIX FUTURES ETF (UVIX) stock?
The current trend direction for 2X LONG VIX FUTURES ETF (UVIX) is Bearish.
Can you provide the RSI signal for 2X LONG VIX FUTURES ETF?
2X LONG VIX FUTURES ETF (UVIX) has an RSI value of 61.2874. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for 2X LONG VIX FUTURES ETF?
The buy/sell signal for 2X LONG VIX FUTURES ETF (UVIX) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for 2X LONG VIX FUTURES ETF (UVIX) stock?
2X LONG VIX FUTURES ETF (UVIX) has a support level at 8.85 and a resistance level at 9.14. Check the full technical report for our detailed analysis of UVIX support and resistance levels.