UGLD Forecast and Technical Stock Analysis
Hold candidate since 2019-12-13 PDF
3X Long Gold ETN Velocityshares gained 1.16% in the last trading day ( Friday, 13th Dec 2019 ), rising from $128.58 to $130.07 During the day the stock fluctuated 2.62% from a day low at $127.27 to a day high of $130.60. The price has risen in 6 of the last 10 days and is up by 1.95% over the past 2 weeks. Volume fell in the last day by -68 213 shares and in total, 73 592 shares bought and sold for approximately $9.57 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the UGLD stock price was $132.44 and low was $124.20.
- 90 day high was $150.82 and low was $123.21.
- 52 week high for 3X Long Gold ETN Velocityshares - $158.04 and low - $85.18.
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 -11.26% during the next 3 months and, with 90% probability hold a price between $104.98 and $119.40 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday December 06, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 3X Long Gold ETN Velocityshares holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $130.71. On a fall, the stock will find some support from the short-term average at $128.33. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 56 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
3X Long Gold ETN Velocityshares finds support from accumulated volume at $129.97.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.33 (2.62%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: $124.10 (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
2.30 %Average volatility
Very Low Low Medium High Very High
3X Long Gold ETN Velocityshares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate candidate.
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!