Bullish vs. Bearish (570 opinions)
Social Sentiment 0.09
UGAZ Forecast and Technical Stock Analysis
Sell candidate since 2019-11-25 Loss -21.87% PDF
VelocityShares 3x Long Natural Gas ETN fell by -3.60% in the last day ( Wednesday, 4th Dec 2019 ) from $10.56 to $10.18 During the day the stock fluctuated 7.80% from a day low at $9.61 to a day high of $10.36. The price has been going up and down for this period, and there has been a -21.93% loss 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 -16.54 million shares and in total 32.84 million shares bought and sold for approximately $334.27 million.
- 30 day high of the UGAZ stock price was $20.70 and low was $8.80.
- 90 day high was $23.98 and low was $8.80.
- 52 week high for VelocityShares 3x Long Natural Gas ETN - $167.82 and low - $8.80.
VelocityShares 3x Long Natural Gas ETN lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -29.17% during the next 3 months and, with 90% probability hold a price between $5.60 and $12.76 at the end of this period.
There are few to none technical positive signals at the moment. VelocityShares 3x Long Natural Gas ETN holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $10.92 and $14.49. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday December 03, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 28 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 behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $9.35 and $9.27.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00 may give a huge drop in the stock price.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.75 between high and low, or 7.80%. For the last week, the stock has had a daily average volatility of 8.48%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
8.48 %Average volatility
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VelocityShares 3x Long Natural Gas ETN holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Important: Please note that 80% of user opinions on StockTwits are positive to the stock. The sentiment is based upon 570 votes on StockTwits.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!