We assign a technical rating of 0 out of 10 to UVIX. UVIX'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 UVIX 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.
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6.24
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.36 to 9.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.82 to 9.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.37 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 UVIX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UVIX is down. |
| ChartMill Relative Strength | 3.4 | NEGATIVE | UVIX has a low relative strength, it was outperformed by 96.6% 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) | 30.77 | NEUTRAL | The RSI value for UVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests UVIX has a negative trend. |
| Stochastics (14,3) | 8.84 | OVERSOLD | The low Stochastics value suggests UVIX may be oversold. |
| Average True Range in percent/ATR (20) | 11.08 | HIGH VOLATILITY | The high ATR as a percentage value for UVIX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for UVIX suggests a strong trend. |
6.3
-0.53 (-7.76%)
2X LONG VIX FUTURES ETF / UVIX FAQ
Can you provide the ChartMill technical rating for 2X LONG VIX FUTURES ETF?
ChartMill assigns a technical rating of 0 / 10 to UVIX.
Can you provide the trend direction for 2X LONG VIX FUTURES ETF?
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 30.7716. This indicates that the stock is currently neutral.
What is the MACD signal for UVIX stock?
The MACD indicator for 2X LONG VIX FUTURES ETF (UVIX) has a value of -0.0961272, indicating a bearish trend.
What is the buy/sell signal for 2X LONG VIX FUTURES ETF (UVIX) stock?
The buy/sell signal for 2X LONG VIX FUTURES ETF (UVIX) is sell as both the short term and long term trends are negative.