UCL Technical Analysis - UCLOUDLINK GROUP INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to UCL. Although UCL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

UCL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

UCL is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. UCL outperforms 90% of them.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

Looking at the yearly performance, UCL did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

UCL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UCL is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UCLOUDLINK GROUP INC / UCL Weekly stock chart

UCLOUDLINK GROUP INC / UCL Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, UCL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.07

2.33

We found 2 important support areas.

A support zone ranging from 2.15 to 2.17. 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 2.09 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @2.31 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 UCL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for UCL is down.
ChartMill Relative Strength	89.9	POSITIVE	UCL has a high relative strength, it outperformed 89.9% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of UCL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of UCL is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of UCL is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.28	NEUTRAL	The RSI value for UCL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests UCL has a positive trend.
Stochastics (14,3)	23.21	NEUTRAL	The Stochastics value for UCL is a neutral value.
Average True Range in percent/ATR (20)	6.61	HIGH VOLATILITY	The high ATR as a percentage value for UCL suggests high volalility.
Average Directional Index/ADX (14)	14.85	NEGATIVE	The low ADX value for UCL suggests a weak or negative trend.