Technical Analysis for SNGA - ETFS 1x Daily Short Natural Gas ETC

Grade Last Price % Change Price Change
grade B 670.26 -3.77% -26.25
SNGA closed down 3.77 percent on Tuesday, May 26, 2020, on 3.94 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down
Historical SNGA trend table...

Date Alert Name Type % Chg
Volume Surge Other 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Narrow Range Bar Range Contraction -3.77%
NR7 Range Contraction -3.77%
NR7-2 Range Contraction -3.77%
Stochastic Reached Overbought Strength -3.77%
Inside Day Range Contraction -3.77%
Overbought Stochastic Strength -3.77%
Pocket Pivot Bullish Swing Setup -4.16%

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Profile

ETFS 1x Daily Short Natural Gas (SNGA) is designed to enable investors to gain a 'short' 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 short exposure means that the product is designed to reflect minus one times the daily percentage change in the Index level. For example, if the Index was to rise in value by 5% on a particular day, the product is designed to decrease in value by 5% on that day (minus fees and expenses). SNGA 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 are traded on exchange just like shares in a company. The ETC is backed by swaps.
Exchange Traded Funds Futures Contract Boost Etp Short Natural Gas Futures Contracts

Is SNGA a Buy, Sell or Hold?

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

Recent News

Indicators

Indicator Value
52 Week High 762.12
52 Week Low 389.36
Average Volume 501
200-Day Moving Average 546.61
50-Day Moving Average 662.64
20-Day Moving Average 649.39
10-Day Moving Average 673.89
Average True Range 22.57
ADX 12.26
+DI 36.79
-DI 33.38
Chandelier Exit (Long, 3 ATRs ) 633.01
Chandelier Exit (Short, 3 ATRs ) 669.95
Upper Bollinger Band 710.75
Lower Bollinger Band 588.03
Percent B (%b) 0.67
BandWidth 18.90
MACD Line 7.79
MACD Signal Line 2.30
MACD Histogram 5.4902
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 711.59
Resistance 3 (R3) 715.93 706.51 704.70
Resistance 2 (R2) 706.51 695.98 704.33 702.40
Resistance 1 (R1) 688.38 689.48 683.67 684.04 700.10
Pivot Point 678.96 678.96 676.60 676.78 678.96
Support 1 (S1) 660.83 668.43 656.12 656.49 640.42
Support 2 (S2) 651.41 661.93 649.23 638.12
Support 3 (S3) 633.28 651.41 635.82
Support 4 (S4) 628.94