UGA Forecast and Technical Stock AnalysisHold candidate since 2019-07-12
USCommodity Gasoline Fund LP ETF fell by -0.92% in the last day ( Friday, 12th Jul 2019 ) from $32.63 to $32.33 and has now fallen 3 days in a row. During day the stock fluctuated 1.11% from a day low at $32.30 to a day high of $32.66. The price has been going up and down for this period, and there has been a 3.32% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -13 411 shares and in total 18 849 shares bought and sold for approximately $609 388.00.
- 30 day high of the UGA stock price was $32.96 and low was $27.00.
- 90 day high was $33.24 and low was $26.70.
- 52 week high for the USCommodity Gasoline Fund LP ETF - $37.15 and low - $22.05.
USCommodity Gasoline Fund LP ETF lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $32.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.87% during the next 3 months and, with 90% probability hold a price between $24.44 and $30.52 at the end of this period.
USCommodity Gasoline Fund LP ETF holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $31.90 and $29.70. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 67 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
USCommodity Gasoline Fund LP ETF finds support from accumulated volume at $32.26.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.36 between high and low, or 1.11%. For the last week the stock has had a daily average volatility of 1.58%.
Our recommended stoploss: $30.74 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
1.58 %Average volatility
Very Low Low Medium High Very High
USCommodity Gasoline Fund LP ETF holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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