We assign a technical rating of 9 out of 10 to UCTT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UCTT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by UCTT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month UCTT has a been trading in the 25.29 - 47.80 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.
- When comparing the yearly performance of all stocks, we notice that UCTT is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- UCTT is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, UCTT did better than 65% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although UCTT 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.
More info and screens
21.41
4 important support areas can be observed.
- Support @27.16 from a trend line in the daily time frame.
- Support @23.36 from a trend line in the weekly time frame.
- A support zone ranging from 22.30 to 22.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @44.15 from a horizontal line in the weekly time frame.
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 | 88.77 | POSITIVE | UCTT has a high relative strength, it outperformed 88.77% 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) | UP | POSITIVE | The current price of UCTT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.78 | OVERBOUGHT | The high RSI value suggests UCTT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.33 | POSITIVE | The MACD value suggests UCTT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.54 | OVERBOUGHT | The high Stochastics value suggests UCTT may be overbought. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for UCTT suggests some volalility. |
| Average Directional Index/ADX (14) | 46.66 | POSITIVE | The high ADX value value for UCTT suggests a strong trend. |
44.14
-3.06 (-6.48%)
ULTRA CLEAN HOLDINGS INC / UCTT FAQ
What is the technical rating for UCTT stock?
ChartMill assigns a technical rating of 9 / 10 to UCTT.
What is the current trend direction of ULTRA CLEAN HOLDINGS INC (UCTT) stock?
The current trend direction for ULTRA CLEAN HOLDINGS INC (UCTT) is Bullish.
What is the RSI signal for ULTRA CLEAN HOLDINGS INC (UCTT) stock?
ULTRA CLEAN HOLDINGS INC (UCTT) has an RSI value of 75.7844. This indicates that the stock is currently overbought.
What is the MACD signal for ULTRA CLEAN HOLDINGS INC (UCTT) stock?
The MACD indicator for ULTRA CLEAN HOLDINGS INC (UCTT) has a value of 1.33309, indicating a bullish trend.
What are the support and resistance levels for ULTRA CLEAN HOLDINGS INC (UCTT) stock?
ULTRA CLEAN HOLDINGS INC (UCTT) has a support level at 27.16 and a resistance level at 44.15. Check the full technical report for our detailed analysis of UCTT support and resistance levels.