ULTRA CLEAN HOLDINGS INC (UCTT) Stock Technical Analysis
USA - NASDAQ:UCTT - US90385V1070 - Common Stock
We assign a technical rating of 7 out of 10 to UCTT. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, UCTT is a bad performer.
Besides having an excellent technical rating, UCTT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.22, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.26
We found 3 important support areas.
- Support @26.22 from a trend line in the daily time frame.
- A support zone ranging from 25.32 to 25.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.51 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.02 to 29.42. 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 UCTT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UCTT is up. |
| ChartMill Relative Strength | 30.53 | NEUTRAL | UCTT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UCTT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UCTT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UCTT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.1 | NEUTRAL | The RSI value for UCTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UCTT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.6 | NEUTRAL | The Stochastics value for UCTT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for UCTT suggests high volalility. |
| Average Directional Index/ADX (14) | 20 | NEGATIVE | The low ADX value for UCTT suggests a weak or negative 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 |
|---|---|---|---|
| 29.43 | 26.21 | 3.22 (10.94%) | 9.14% |
| An entry @29.43. This is a Buy Stop order right above the resistance zone. | An exit @26.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.22 points, which is 10.94%. | For a 1.00% total portfolio risk, you can invest 9.14% of your capital in this trade. |
- 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.
28.76
-0.23 (-0.81%)