UGLD Forecast and Technical Stock Analysis
Sell candidate since 2019-09-13 PDF
3X Long Gold ETN Velocityshares fell by -2.65% in the last day ( Friday, 13th Sep 2019 ) from $140.59 to $136.87 During the day the stock fluctuated 4.16% from a day low at $136.61 to a day high of $142.29. The price has fallen in 6 of the last 10 days and is down by -8.53% for this period. 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 -162 422 shares and in total 137 457 shares bought and sold for approximately $18.81 million.
- 30 day high of the UGLD stock price was $158.04 and low was $136.61.
- 90 day high was $158.04 and low was $103.00.
- 52 week high for 3X Long Gold ETN Velocityshares - $158.04 and low - $7.66.
3X Long Gold ETN Velocityshares has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $139.19. A reaction back to this level may hold a second chance to get out before further falls.
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 $140.53 and $141.06. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday September 12, 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: [ 25 - 75 ]
RSI14 is 36 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 $128.02 and $123.35.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 3X Long Gold ETN Velocityshares finds support just below today's level at $128.02. If this is broken, then the next support from accumulated volume will be at $123.35 and $120.24.
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 $5.68 between high and low, or 4.16%. For the last week, the stock has had a daily average volatility of 3.20%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.20 %Average volatility
Very Low Low Medium High Very High
The 3X Long Gold ETN Velocityshares stock holds several negative signals and despite the positive trend we believe 3X Long Gold ETN Velocityshares will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell 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!