VelocityShares 3x Long Crude ETN (UWTI) Technical Analysis
NYSEARCA:UWTI
Current stock price
UWTI Technical Rating and Analysis
Overall UWTI gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. UWTI was also a bad performer in the overall market in the last year.
- 84% of all other stocks performed better in the past year than UWTI.
- In the last month UWTI has a been trading in the 15.65 - 26.85 range, which is quite wide. It is currently trading near the high of this range.
- UWTI has an average volume of 22250700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- UWTI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UWTI is lagging the market.
UWTI Weekly and Daily overview Charts
UWTI Setup Rating and Analysis
UWTI 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
UWTI Support and Resistance Analysis
16.73
We found 3 important support areas.
- A support zone ranging from 23.25 to 23.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.55 from a trend line in the daily time frame.
- A support zone ranging from 16.90 to 17.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 25.20 to 25.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @25.72 from a horizontal line in the daily time frame.
- Resistance @27.16 from a trend line in the weekly time frame.
- Resistance @27.70 from a horizontal line in the weekly time frame.
UWTI 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 UWTI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UWTI is up. |
| ChartMill Relative Strength | 16.12 | NEGATIVE | UWTI has a low relative strength, it was outperformed by 83.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UWTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UWTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of UWTI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.91 | NEUTRAL | The RSI value for UWTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests UWTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.33 | NEUTRAL | The Stochastics value for UWTI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for UWTI suggests high volalility. |
UWTI Chart- and CandleStick Pattern Analysis
UWTI Technicals: Chart, Performance Metrics, Trend & Indicators
VelocityShares 3x Long Crude ETN
NYSEARCA:UWTI (12/8/2016, 8:20:41 PM)
After market: 24.61 -0.01 (-0.04%)24.62
+1.37 (+5.89%)
VelocityShares 3x Long Crude ETN / UWTI TA FAQ
What is the technical rating for UWTI stock?
ChartMill assigns a technical rating of 4 / 10 to UWTI.
What is the trend direction for UWTI stock?
The current trend direction for VelocityShares 3x Long Crude ETN (UWTI) is Bearish.
What is the RSI signal for VelocityShares 3x Long Crude ETN (UWTI) stock?
VelocityShares 3x Long Crude ETN (UWTI) has an RSI value of 56.9099. This indicates that the stock is currently neutral.
What is the short term momentum for UWTI stock?
The short term momentum for VelocityShares 3x Long Crude ETN (UWTI) is positive.
Can you provide the buy/sell signal for VelocityShares 3x Long Crude ETN?
The buy/sell signal for VelocityShares 3x Long Crude ETN (UWTI) is hold as the short term and long term trends are mixed.