UNDER ARMOUR INC-CLASS A (UAA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:UAA • US9043111072
Overall UAA gets a technical rating of 8 out of 10. Although UAA 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!
- UAA is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 72% of 45 stocks in the same industry.
- UAA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- UAA has an average volume of 11656600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, UAA outperforms 52% of them, which is more or less in line with the market.
- UAA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UAA is lagging the market.
Besides having an excellent technical rating, UAA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.16, a Stop Loss order could be placed below this zone.
More info and screens
4.72
2 important support areas can be observed.
- A support zone ranging from 6.04 to 6.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.77 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.31 to 6.36. 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 | UP | POSITIVE | The long term trend for UAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UAA is up. |
| ChartMill Relative Strength | 52.71 | NEUTRAL | UAA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UAA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UAA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.09 | NEUTRAL | The RSI value for UAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UAA has a negative trend. |
| Stochastics (14,3) | 63.66 | NEUTRAL | The Stochastics value for UAA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for UAA suggests some volalility. |
| Average Directional Index/ADX (14) | 56.4 | POSITIVE | The high ADX value value for UAA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.37 | 6.03 | 0.34 (5.34%) | 18.74% |
| An entry @6.37. This is a Buy Stop order right above the resistance zone. | An exit @6.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 5.34%. | When investing 18.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of UAA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.17
+0.12 (+1.98%)
UNDER ARMOUR INC-CLASS A / UAA FAQ
What is the ChartMill technical rating of UNDER ARMOUR INC-CLASS A (UAA) stock?
ChartMill assigns a technical rating of 8 / 10 to UAA.
What is the current trend direction of UNDER ARMOUR INC-CLASS A (UAA) stock?
The current trend direction for UNDER ARMOUR INC-CLASS A (UAA) is Bullish.
Can you provide the RSI signal for UNDER ARMOUR INC-CLASS A?
UNDER ARMOUR INC-CLASS A (UAA) has an RSI value of 66.089. This indicates that the stock is currently neutral.
What is the MACD signal for UNDER ARMOUR INC-CLASS A (UAA) stock?
The MACD indicator for UNDER ARMOUR INC-CLASS A (UAA) has a value of -0.0153705, indicating a bearish trend.
What is the short term momentum for UNDER ARMOUR INC-CLASS A (UAA) stock?
The short term momentum for UNDER ARMOUR INC-CLASS A (UAA) is positive.