Technical Analysis for UGAZ - VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return

Grade Last Price % Change Price Change
grade F 31.2 -8.48% -2.89
UGAZ closed down 8.48 percent on Friday, February 28, 2020, on 1.23 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical UGAZ trend table...

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%

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Profile

The investment seeks to replicate, net of expenses, three times the performance of the S&P GSCI Natural Gas Index ER. The index comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index.

Is UGAZ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 374.5
52 Week Low 30.25
Average Volume 4,232,808
200-Day Moving Average 133.51
50-Day Moving Average 57.22
20-Day Moving Average 42.84
10-Day Moving Average 42.14
Average True Range 4.63
ADX 25.89
+DI 19.93
-DI 39.05
Chandelier Exit (Long, 3 ATRs ) 40.30
Chandelier Exit (Short, 3 ATRs ) 44.15
Upper Bollinger Band 51.88
Lower Bollinger Band 33.79
Percent B (%b) -0.14
BandWidth 42.23
MACD Line -5.92
MACD Signal Line -5.91
MACD Histogram -0.0055
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.69
Resistance 3 (R3) 35.87 34.55 34.94
Resistance 2 (R2) 34.55 33.41 34.46 34.69
Resistance 1 (R1) 32.88 32.71 32.22 32.70 34.44
Pivot Point 31.56 31.56 31.24 31.47 31.56
Support 1 (S1) 29.89 30.42 29.23 29.71 27.96
Support 2 (S2) 28.57 29.72 28.48 27.71
Support 3 (S3) 26.90 28.57 27.46
Support 4 (S4) 26.72