UNITED BANKSHARES INC (UBSI)       41.685  -0.61 (-1.45%)

41.685  -0.61 (-1.45%)

US9099071071 - Common Stock

Technical Rating

8

We assign a technical rating of 8 out of 10 to UBSI. UBSI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, UBSI did better than 77% of all other stocks. On top of that, UBSI also shows a nice and consistent pattern of rising prices.
UBSI is part of the Banks industry. There are 334 other stocks in this industry. UBSI outperforms 85% of them.
UBSI is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so UBSI slightly outperforms the market at the moment.
In the last month UBSI has a been trading in the 38.50 - 42.45 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 7.12% -1.44% 10.16% 17.76% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 77.81 33.11 - 44.15
UBSI Weekly chart
UBSI Daily chart

Support/Resistance Analysis


32.72

44.22
We found 4 important support areas.
  • A support zone ranging from 40.05 to 40.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @39.21 from a trend line in the daily time frame.
  • A support zone ranging from 37.54 to 38.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @33.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
  • Resistance @43.07 from a horizontal line in the weekly time frame.
  • Resistance @43.78 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

Although UBSI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


UBSI Daily chart

UNITED BANKSHARES INC41.685

NASDAQ:UBSI (2/6/2023, 12:59:40 PM)-0.61 (-1.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today -1.45% 1 Week 7.44%
2 Weeks 7.25% 1 Month 7.12%
3 Month -1.44% 6 Month 10.16%

Volatility
ATR(14) 0.91 ATR(20)% 2.14%
ATR Inc 33.06% Range Today 0.65

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 77.81 Mansfield 0.94
10 Day High 42.45 10 Day Low 38.62
20 Day High 42.45 20 Day Low 38.5
52 Week High 44.15 52 Week Low 33.11
CS1 End 40.52 CR1 Start 43.07

Volume & EV
DER(3) 2.87% DER(5) 1.11%
Volume 148.84K Volume Incr 141.34%
Vol(5) 1.06M Vol(50) 569.70K

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