UDEMY INC (UDMY) Stock Technical Analysis
USA - NASDAQ:UDMY - US9026851066 - Common Stock
Overall UDMY gets a technical rating of 1 out of 10. 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.
Although the technical rating is bad, UDMY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.45, a Stop Loss order could be placed below this zone.
More info and screens
6.25
When analyzing the support we notice one important area.
- A support zone ranging from 6.31 to 6.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.82 to 6.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.07 to 7.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.61 to 7.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for UDMY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UDMY is neutral. |
| ChartMill Relative Strength | 17.43 | NEGATIVE | UDMY has a low relative strength, it was outperformed by 82.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UDMY is above 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) | 48.93 | NEUTRAL | The RSI value for UDMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests UDMY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.63 | NEUTRAL | The Stochastics value for UDMY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for UDMY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.91 | NEGATIVE | The low ADX value for UDMY suggests a weak or negative trend. |
6.81
-0.23 (-3.27%)
UDEMY INC / UDMY FAQ
What is the ChartMill technical rating of UDEMY INC (UDMY) stock?
ChartMill assigns a technical rating of 1 / 10 to UDMY.
What is the current trend direction of UDEMY INC (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 48.9334. This indicates that the stock is currently neutral.
What is the MACD signal for UDMY stock?
The MACD indicator for UDEMY INC (UDMY) has a value of 0.0444699, indicating a bearish trend.
Can you provide the short term momentum for UDEMY INC?
The short term momentum for UDEMY INC (UDMY) is neutral.