Wednesday May 22, 2019 Change -0.30% Price $89.53
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will UGLD stock price go up or down on Thu, 23 May 2019?

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3X Long Gold ETN Velocityshares Forecast and Stock Analysis

Technical UGLD stock analysis for Wednesday May 22, 2019.

Sell candidate since 2019-05-16 Loss -3.30%
Shorts n/a
Insider % n/a
Institutional % n/a
Beta -0.22
ROA n/a
Price to book n/a
P/E Ratio n/a
Next Earnings Date n/a


3X Long Gold ETN Velocityshares fell by -0.30% in the last day ( Wednesday, 22nd May 2019 ) from $89.80 to $89.53 and has now fallen 8 days in a row. During day the stock fluctuated 0.74% from a day low at $89.46 to a day high of $90.12. The price has fallen in 7 of the last 10 days and is down by -2.13% for this period. Volume has increased in the last day by 249 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 44 116 shares bought and sold for approximately $3.95 million.

Quick summary:

  • 30 day high of the UGLD stock price was $95.81 and low was $88.43.
  • 90 day high was $106.13 and low was $88.43.
  • 52 week high for the 3X Long Gold ETN Velocityshares - $108.75 and low - $7.57.

Trend

3X Long Gold ETN Velocityshares lies in the middle of a 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 -9.03% during the next 3 months and, with 90% probability hold a price between $78.15 and $87.02 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. 3X Long Gold ETN Velocityshares 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 $91.80 and $92.47. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday May 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

3X Long Gold ETN Velocityshares finds support from accumulated volume at $89.32.

Support: $89.32 Price: $89.53 Resistance: $94.74

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.66 (0.74%) between high and low. For the last week, the stock has had a daily average volatility of 1.24%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

1.24 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today UGLD ranks #3430 as SELL CANDIDATE #3430 Weaker Sell

Will UGLD stock price go up or down
on Thu, 23 May 2019?

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