UD Technical Analysis - UNIDATA SPA

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to UD. Recently some decent action could be observed, but in the medium term time frame this is still negative. UD was also a bad performer in the overall market in the last year.

70% of all other stocks performed better in the past year than UD.

UD is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 62% of 30 stocks in the same industry do better.

In the last month UD has a been trading in the 2.61 - 3.24 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.

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.

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

Setup Rating and Analysis

UD has an average technical rating and it also 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

2.67

3.16

When analyzing the support we can see 3 important areas.

Support @3.10 from a horizontal line in the weekly time frame.
A support zone ranging from 2.85 to 2.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 2.70 to 2.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for UD.MI is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for UD.MI is up.
ChartMill Relative Strength	30.8	NEUTRAL	UD.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of UD.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of UD.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of UD.MI is above a declining SMA(200).
Relative Strength Index/RSI (14)	66.52	NEUTRAL	The RSI value for UD.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests UD.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.27	OVERBOUGHT	The high Stochastics value suggests UD.MI may be overbought.
Average True Range in percent/ATR (20)	3.2	MEDIUM VOLATILITY	The ATR as a percentage value for UD.MI suggests some volalility.
Average Directional Index/ADX (14)	29.42	POSITIVE	The high ADX value value for UD.MI suggests a strong trend.