PATH Technical Analysis - UIPATH INC - CLASS A

Technical Rating and Analysis

Overall PATH gets a technical rating of 8 out of 10. Although PATH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

PATH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PATH is lagging the market slightly.

In the last month PATH has a been trading in the 11.31 - 15.22 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

PATH has an average volume of 15781300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that PATH is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.

PATH is an average performer in the Software industry, it outperforms 67% of 281 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UIPATH INC - CLASS A / PATH Weekly stock chart

UIPATH INC - CLASS A / PATH Daily stock chart

Setup Rating and Analysis

Although PATH has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.11

15.09

When analyzing the support we can see 4 important areas.

Support @11.38 from a trend line in the daily time frame.
Support @10.97 from a trend line in the weekly time frame.
Support @10.73 from a trend line in the daily time frame.
Support @10.21 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @14.94 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for PATH is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PATH is up.
ChartMill Relative Strength	76.27	POSITIVE	PATH has a high relative strength, it outperformed 76.27% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PATH is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PATH is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PATH is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.13	OVERBOUGHT	The high RSI value suggests PATH may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests PATH has a positive trend.
Stochastics (14,3)	52.38	NEUTRAL	The Stochastics value for PATH is a neutral value.
Average True Range in percent/ATR (20)	4.74	MEDIUM VOLATILITY	The ATR as a percentage value for PATH suggests some volalility.
Average Directional Index/ADX (14)	31.09	POSITIVE	The high ADX value value for PATH suggests a strong trend.