UD Technical Analysis - UNIDATA SPA

Technical Rating and Analysis

Overall UD gets a technical rating of 0 out of 10. UD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, UD is a bad performer in the overall market: 87% of all stocks are doing better.

UD is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 82% of 30 stocks in the same industry do better.

UD 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.

In the last month UD has a been trading in the 2.61 - 3.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

UD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.47

3.06

We found 1 important support area.

A support zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 2.82 to 2.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.92 from a horizontal line in the daily time frame.
Resistance @2.98 from a horizontal line in the weekly time frame.
A resistance zone ranging from 3.03 to 3.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for UD.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for UD.MI is down.
ChartMill Relative Strength	13.69	NEGATIVE	UD.MI has a low relative strength, it was outperformed by 86.31% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of UD.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of UD.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of UD.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.89	NEUTRAL	The RSI value for UD.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests UD.MI has a negative trend.
Stochastics (14,3)	36.75	NEUTRAL	The Stochastics value for UD.MI is a neutral value.
Average True Range in percent/ATR (20)	2.5	MEDIUM VOLATILITY	The ATR as a percentage value for UD.MI suggests some volalility.
Average Directional Index/ADX (14)	24.6	NEUTRAL	The ADX value for UD.MI suggests a possible start of a new trend.