2X LONG VIX FUTURES ETF (UVIX) Stock Technical Analysis
NYSEARCA:UVIX - NYSE Arca - US92891H6062 - ETF - Currency: USD
Taking everything into account, UVIX scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
89% 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.
In the last month UVIX has a been trading in the 26.23 - 44.99 range, which is quite wide. It is currently trading near the lows of this range.
UVIX has an average volume of 7376730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
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
26.78
34.14
We found 2 important support areas.
- Support @27.78 from a trend line in the daily time frame.
- Support @27.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @33.80 from a trend line in the weekly 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 | 11.57 | NEGATIVE | UVIX has a low relative strength, it was outperformed by 88.43% 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) | 41.95 | NEUTRAL | The RSI value for UVIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests UVIX has a positive trend. |
| Stochastics (14,3) | 23.44 | NEUTRAL | The Stochastics value for UVIX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.05 | HIGH VOLATILITY | The high ATR as a percentage value for UVIX suggests high volalility. |
| Average Directional Index/ADX (14) | 12.07 | 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)
29.28
+0.42 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.46%
1 Week-6.33%
2 Weeks4.98%
1 Month-32.53%
3 Month-7.05%
6 Month-9.35%
12 Month-54.03%
2 Year-96.67%
3 Year-99.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.31
ATR(20)%11.05%
ATR Inc-21.36%
Range Today2.88
ADR(20)2.51
ADR(20)%8.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.57
Mansfield-3.77
10 Day High35.97
10 Day Low27.1
20 Day High44.99
20 Day Low26.23
52 Week High199.7
52 Week Low25.85
CS1 End27.78
CR1 Start33.8
Volume & EV
DER(3)0.66%
DER(5)-2.91%
Volume15.17M
Volume Incr82.87%
Vol(5)11.85M
Vol(50)7.38M