UCTT Technical Analysis - ULTRA CLEAN HOLDINGS INC

Technical Rating and Analysis

Overall UCTT gets a technical rating of 7 out of 10. Although UCTT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, UCTT is a bad performer in the overall market: 72% of all stocks are doing better.

UCTT is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 67% are performing better than UCTT.

The long and short term trends are both positive. This is looking good!

In the last month UCTT has a been trading in the 22.74 - 29.72 range, which is quite wide. It is currently trading near the high of this range.

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

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ULTRA CLEAN HOLDINGS INC / UCTT Weekly stock chart

ULTRA CLEAN HOLDINGS INC / UCTT Daily stock chart

Setup Rating and Analysis

Although UCTT has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.32

28.89

When analyzing the support we can see 2 important areas.

A support zone ranging from 24.32 to 24.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @23.56 from a trend 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	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	28.24	NEGATIVE	UCTT has a low relative strength, it was outperformed by 71.76% off all stocks 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)	68	NEUTRAL	The RSI value for UCTT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.43	POSITIVE	The MACD value suggests UCTT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	88.1	OVERBOUGHT	The high Stochastics value suggests UCTT may be overbought.
Average True Range in percent/ATR (20)	3.67	MEDIUM VOLATILITY	The ATR as a percentage value for UCTT suggests some volalility.
Average Directional Index/ADX (14)	23.02	NEUTRAL	The ADX value for UCTT suggests a possible start of a new trend.