We assign a technical rating of 0 out of 10 to UDMY. UDMY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, UDMY is a bad performer in the overall market: 91% of all stocks are doing better.
- UDMY is part of the Diversified Consumer Services industry. There are 76 other stocks in this industry, of which 61% are performing better than UDMY.
- UDMY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month UDMY has a been trading in the 4.99 - 6.40 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- UDMY has an average volume of 2817640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of UDMY is bad and it also does not present a 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.
More info and screens
4.85
We found 1 important support area.
- Support @4.90 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.68 to 5.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.89 from a trend line in the daily time frame.
- Resistance @6.91 from a trend line in the weekly time frame.
- Resistance @7.16 from a trend 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 UDMY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UDMY is down. |
| ChartMill Relative Strength | 9.54 | NEGATIVE | UDMY has a low relative strength, it was outperformed by 90.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UDMY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UDMY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UDMY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.69 | NEUTRAL | The RSI value for UDMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests UDMY has a negative trend. |
| Stochastics (14,3) | 9.75 | OVERSOLD | The low Stochastics value suggests UDMY may be oversold. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for UDMY suggests high volalility. |
| Average Directional Index/ADX (14) | 27.38 | POSITIVE | The high ADX value value for UDMY suggests a strong trend. |
5.01
-0.13 (-2.53%)
UDEMY INC / UDMY FAQ
What is the ChartMill technical rating of UDEMY INC (UDMY) stock?
ChartMill assigns a technical rating of 0 / 10 to UDMY.
What is the trend direction for UDMY stock?
The current trend direction for UDEMY INC (UDMY) is Bearish.
What is the RSI signal for UDEMY INC (UDMY) stock?
UDEMY INC (UDMY) has an RSI value of 35.6876. This indicates that the stock is currently neutral.
What is the buy/sell signal for UDEMY INC (UDMY) stock?
The buy/sell signal for UDEMY INC (UDMY) is sell as both the short term and long term trends are negative.
What is the support and resistance level for UDMY stock?
UDEMY INC (UDMY) has a support level at 4.9 and a resistance level at 5.68. Check the full technical report for our detailed analysis of UDMY support and resistance levels.