Shares of Natural Gas -3X Inverse ETN Velocityshares (DGAZ) are moving on volatility today -5.68% or -1.40 from the open. The NYSE listed company saw a recent bid of 23.25 and 6395736 shares have traded hands in the session.
Looking at the current landscape of the equity market, investors may be doing some bargain hunting for stocks to add to the portfolio. Many sharp investors will welcome temporary market dips which may provide plenty of buying opportunities. Being prepared for these types of opportunities can help the investor make quick decisions in the midst of a downturn. As we move closer to the close of the year, investors will be closely watching the next round of company earnings reports. Even if the individual investor chooses to trade conservatively during earnings, they can still do the necessary research and have stocks lined up to purchase when the time is right.
Natural Gas -3X Inverse ETN Velocityshares (DGAZ) has a 14-day ATR of 3.35. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.
Currently, the 14-day ADX for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is sitting at 19.80. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is currently at 37.89, the 7-day stands at 30.24, and the 3-day is sitting at 18.69.
Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Natural Gas -3X Inverse ETN Velocityshares (DGAZ) is sitting at -104.74. CCI is an indicator used in technical analysis that was designed by Donald Lambert. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).
Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward. Shares of Natural Gas -3X Inverse ETN Velocityshares (DGAZ) have a 7-day moving average of 27.88. Taking a glance at the relative strength indictor, we note that the 14-day RSI is currently at 37.89, the 7-day stands at 30.24, and the 3-day is sitting at 18.69.
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