We assign a technical rating of 8 out of 10 to UBSI. Although UBSI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although UBSI has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
30.80
4 important support areas can be observed.
- A support zone ranging from 38.96 to 39.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.76 to 37.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 34.60 to 35.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.65 to 40.65. 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 | UP | POSITIVE | The long term trend for UBSI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UBSI is up. |
| ChartMill Relative Strength | 70.98 | POSITIVE | UBSI has a high relative strength, it outperformed 70.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UBSI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UBSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UBSI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.88 | NEUTRAL | The RSI value for UBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UBSI has a positive trend. |
| Stochastics (14,3) | 78.78 | NEUTRAL | The Stochastics value for UBSI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for UBSI suggests low volalility. |
| Average Directional Index/ADX (14) | 23.98 | NEUTRAL | The ADX value for UBSI suggests a possible start of a new trend. |
40.64
+0.16 (+0.4%)
UNITED BANKSHARES INC / UBSI FAQ
What is the ChartMill technical rating of UNITED BANKSHARES INC (UBSI) stock?
ChartMill assigns a technical rating of 8 / 10 to UBSI.
What is the current trend direction of UNITED BANKSHARES INC (UBSI) stock?
The current trend direction for UNITED BANKSHARES INC (UBSI) is Bullish.
What is the RSI signal for UBSI stock?
UNITED BANKSHARES INC (UBSI) has an RSI value of 67.8806. This indicates that the stock is currently neutral.
Can you provide the short term momentum for UNITED BANKSHARES INC?
The short term momentum for UNITED BANKSHARES INC (UBSI) is positive.
What is the buy/sell signal for UNITED BANKSHARES INC (UBSI) stock?
The buy/sell signal for UNITED BANKSHARES INC (UBSI) is buy as both the short term and long term trends are positive.