Technical Analysis for LNGA - ETFS 2x Daily Long Natural Gas ETC

Grade Last Price % Change Price Change
F 0.07 1.36% 0.00
LNGA closed up 1.36 percent on Thursday, March 28, 2024, on 2 percent of normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Signal Line Cross Bearish 1.36%
New 52 Week Closing Low Bearish 1.36%
New 52 Week Low Weakness 1.36%
Wide Bands Range Expansion 1.36%
Gapped Down Weakness 1.36%
Oversold Stochastic Weakness 1.36%

   Recent Intraday Alerts

Alert Time
Up 2% about 15 hours ago
Up 1% about 15 hours ago
Down 3% about 18 hours ago
Fell Below Previous Day's Low about 19 hours ago
Down 2% about 19 hours ago

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Profile

ETFS 2x Daily Long Natural Gas ETC Description

ETFS 2x Daily Long Natural Gas (LNGA) is designed to enable investors to gain a 'leveraged' exposure to a total return investment in natural gas futures contracts by tracking the Bloomberg Natural Gas Subindex (the "Index") and providing a collateral yield. A daily leveraged exposure means that the product is designed to reflect 200% of the daily percentage change in the Index level. For example, if the Index was to decrease in value by 5% on a particular day, the product is designed to decrease in value by 10% on that day (minus fees and expenses). LNGA is an exchange traded commodity ("ETC"). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC is backed by swaps.


Classification

Keywords: Exchange Traded Funds ETF Gas Swaps Bloomberg Commodity Natural Gas Boost Etp Leverage Natural Gas Futures Contracts

Is LNGA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.48
52 Week Low 0.071
Average Volume 1,353,859
200-Day Moving Average 0.26
50-Day Moving Average 0.10
20-Day Moving Average 0.09
10-Day Moving Average 0.08
Average True Range 0.01
RSI (14) 34.64
ADX 22.28
+DI 21.34
-DI 42.27
Chandelier Exit (Long, 3 ATRs) 0.10
Chandelier Exit (Short, 3 ATRs) 0.09
Upper Bollinger Bands 0.11
Lower Bollinger Band 0.07
Percent B (%b) 0.21
BandWidth 49.60
MACD Line -0.01
MACD Signal Line -0.01
MACD Histogram 0.0
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.08
Resistance 3 (R3) 0.08 0.08 0.08
Resistance 2 (R2) 0.08 0.08 0.08 0.08
Resistance 1 (R1) 0.08 0.08 0.08 0.08 0.08
Pivot Point 0.07 0.07 0.07 0.07 0.07
Support 1 (S1) 0.07 0.07 0.07 0.07 0.07
Support 2 (S2) 0.07 0.07 0.07 0.07
Support 3 (S3) 0.07 0.07 0.07
Support 4 (S4) 0.07