ULTRA CLEAN HOLDINGS INC (UCTT) Stock Technical Analysis
NASDAQ:UCTT - Nasdaq - US90385V1070 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to UCTT. In the past year, UCTT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
93% of all other stocks performed better in the past year than UCTT.
UCTT is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 86% of 110 stocks in the same industry do better.
UCTT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month UCTT has a been trading in the 18.93 - 23.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, UCTT 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. We notice that large players showed an interest for UCTT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
19.18
39.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.36 to 20.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.71 from a trend line in the daily time frame.
- A support zone ranging from 19.37 to 19.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @21.64 from a trend line in the daily time frame.
- A resistance zone ranging from 22.28 to 22.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.65 from a trend line in the weekly time frame.
- Resistance @37.54 from a trend line in the daily time frame.
- Resistance @38.84 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for UCTT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UCTT is up. |
| ChartMill Relative Strength | 7.07 | NEGATIVE | UCTT has a low relative strength, it was outperformed by 92.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UCTT is above a declining 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 | NEGATIVE | The current price of UCTT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.22 | NEUTRAL | The RSI value for UCTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests UCTT has a positive trend. |
| Stochastics (14,3) | 84.82 | OVERBOUGHT | The high Stochastics value suggests UCTT may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for UCTT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.31 | NEGATIVE | The low ADX value for UCTT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.57
-0.08 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.37%
1 Week2.52%
2 Weeks6.41%
1 Month-4.81%
3 Month-14.57%
6 Month-42.19%
12 Month-55.12%
2 Year-43.92%
3 Year-27.54%
5 Year-4.68%
10 Year246.23%
15 Year153.17%
Volatility
ATR(14)0.89
ATR(20)%4.06%
ATR Inc-11.83%
Range Today1
ADR(20)0.78
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.07
Mansfield-3.9
10 Day High22.2
10 Day Low18.93
20 Day High23.22
20 Day Low18.93
52 Week High56.47
52 Week Low16.66
CS1 End20.91
CR1 Start21.64
Volume & EV
DER(3)5.77%
DER(5)5.1%
Volume745.70K
Volume Incr64.56%
Vol(5)745.62K
Vol(50)598.95K