VelocityShares 3x Long Crude ETN (UWTI) Stock Technical Analysis
NYSEARCA:UWTI - NYSE Arca -
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.
When comparing the yearly performance of all stocks, UWTI is a bad performer in the overall market: 84% of all stocks are doing better.
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 trading in the upper part of its 52 week range, so UWTI is lagging the market slightly.
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
16.73
27.98
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.
We can see 4 important resistance areas.
- 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.
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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.89%
1 Week-0.61%
2 Weeks14.3%
1 Month25.48%
3 Month8.89%
6 Month-31.99%
12 Month-40.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.15
ATR(20)%8.39%
ATR Inc-32.2%
Range Today1.53
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.12
Mansfield-1.14
10 Day High26.85
10 Day Low17.35
20 Day High26.85
20 Day Low15.65
52 Week High47.9
52 Week Low11.7
CS1 End23.27
CR1 Start25.2
Volume & EV
DER(3)3.79%
DER(5)2.99%
Volume19.40M
Volume Incr-16.89%
Vol(5)22.10M
Vol(50)22.25M