UNITED BANKSHARES INC (UBSI) 41.685 -0.61 (-1.45%)
41.685 -0.61 (-1.45%)
US9099071071 - Common Stock
Technical Rating
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
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
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.
UNITED BANKSHARES INC41.685
NASDAQ:UBSI (2/6/2023, 12:59:40 PM)-0.61 (-1.45%)
| GICS Sector | Financials | ||
| GICS Industry | Banks | ||
| Today | -1.45% | 1 Week | 7.44% |
| 2 Weeks | 7.25% | 1 Month | 7.12% |
| 3 Month | -1.44% | 6 Month | 10.16% |
| ATR(14) | 0.91 | ATR(20)% | 2.14% |
| ATR Inc | 33.06% | Range Today | 0.65 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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