2X LONG VIX FUTURES ETF (UVIX) Stock Technical Analysis
NYSEARCA:UVIX - NYSE Arca - US92891H6062 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to UVIX. UVIX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UVIX is a bad performer in the overall market: 93% of all stocks are doing better.
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 9358360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month UVIX has a been trading in the 23.63 - 35.97 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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
27.77
30.58
We can see 2 important resistance areas.
- Resistance @28.84 from a trend line in the daily time frame.
- A resistance zone ranging from 30.28 to 30.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for UVIX is down. |
| ChartMill Relative Strength | 7.91 | NEGATIVE | UVIX has a low relative strength, it was outperformed by 92.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UVIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UVIX is below a declining 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) | 46.24 | NEUTRAL | The RSI value for UVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests UVIX has a positive trend. |
| Stochastics (14,3) | 58.25 | NEUTRAL | The Stochastics value for UVIX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.7 | HIGH VOLATILITY | The high ATR as a percentage value for UVIX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.82 | NEGATIVE | The low ADX value for UVIX suggests a weak or negative trend. |
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)
28.05
+0.64 (+2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.33%
1 Week7.76%
2 Weeks-0.5%
1 Month-11.4%
3 Month-15.92%
6 Month-26.76%
12 Month-52.86%
2 Year-93.71%
3 Year-99.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.41
ATR(20)%9.7%
ATR Inc9.25%
Range Today2.15
ADR(20)2.16
ADR(20)%7.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.91
Mansfield-3.8
10 Day High30.99
10 Day Low23.63
20 Day High35.97
20 Day Low23.63
52 Week High199.7
52 Week Low23.63
CS1 EndN/A
CR1 Start28.84
Volume & EV
DER(3)-2.62%
DER(5)-3.04%
Volume16.34M
Volume Incr109.09%
Vol(5)21.99M
Vol(50)9.36M