UNDER ARMOUR INC-CLASS C (UA) Stock Technical Analysis
NYSE:UA - New York Stock Exchange, Inc. - US9043112062 - Common Stock - Currency: USD
Taking everything into account, UA scores 6 out of 10 in our technical rating. UA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
UA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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We found 2 important support areas.
- A support zone ranging from 6.17 to 6.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.85 to 5.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.60 to 6.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for UA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UA is up. |
| ChartMill Relative Strength | 52.43 | NEUTRAL | UA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.52 | NEUTRAL | The RSI value for UA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests UA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.53 | OVERBOUGHT | The high Stochastics value suggests UA may be overbought. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for UA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for UA suggests a weak or negative trend. |
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