Overall UVIX gets a technical rating of 0 out of 10. 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.
UVIX has a poor technical rating and the quality of the setup is also not perfect 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
5.29
We can see 3 important resistance areas.
- Resistance @7.03 from a trend line in the daily time frame.
- Resistance @7.78 from a trend line in the daily time frame.
- Resistance @12.91 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 | 1.85 | NEGATIVE | UVIX has a low relative strength, it was outperformed by 98.15% 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) | 29.31 | OVERSOLD | The low RSI value suggests UVIX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests UVIX has a positive trend. |
| Stochastics (14,3) | 9.01 | OVERSOLD | The low Stochastics value suggests UVIX may be oversold. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for UVIX suggests high volalility. |
| Average Directional Index/ADX (14) | 38.38 | POSITIVE | The high ADX value value for UVIX suggests a strong trend. |
5.34
-0.18 (-3.26%)
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.
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 29.3081. This indicates that the stock is currently oversold.
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 sell as both the short term and long term trends are negative.
What are the support and resistance levels for 2X LONG VIX FUTURES ETF (UVIX) stock?
2X LONG VIX FUTURES ETF (UVIX) has a resistance level at 7.03. Check the full technical report for our detailed analysis of UVIX support and resistance levels.