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 10.82 5.15% 0.53
UGAZ closed up 5.15 percent on Friday, July 10, 2020, on 53 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up
Historical UGAZ trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Outside Day Range Expansion 5.15%
Wide Bands Range Expansion 5.15%
Narrow Range Bar Range Contraction -4.08%
Stochastic Reached Overbought Strength -4.08%
Weak + Overbought Other -4.08%
Wide Bands Range Expansion -4.08%

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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.
Exchange Traded Fund ETF Leveraged ETF Ultra ETF

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 239.8
52 Week Low 6.75
Average Volume 15,635,495
200-Day Moving Average 64.31
50-Day Moving Average 15.22
20-Day Moving Average 10.06
10-Day Moving Average 10.10
Average True Range 1.59
ADX 19.73
+DI 28.64
-DI 30.90
Chandelier Exit (Long, 3 ATRs ) 9.39
Chandelier Exit (Short, 3 ATRs ) 11.51
Upper Bollinger Band 12.70
Lower Bollinger Band 7.42
Percent B (%b) 0.64
BandWidth 52.43
MACD Line -1.18
MACD Signal Line -1.78
MACD Histogram 0.6042
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.78
Resistance 3 (R3) 11.82 11.53 11.62
Resistance 2 (R2) 11.53 11.29 11.52 11.57
Resistance 1 (R1) 11.18 11.14 11.36 11.14 11.51
Pivot Point 10.89 10.89 10.98 10.88 10.89
Support 1 (S1) 10.54 10.65 10.72 10.50 10.13
Support 2 (S2) 10.25 10.50 10.24 10.07
Support 3 (S3) 9.90 10.25 10.02
Support 4 (S4) 9.86