UDEMY INC (UDMY) Stock Technical Analysis
NASDAQ:UDMY - Nasdaq - US9026851066 - Common Stock - Currency: USD
Overall UDMY gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. UDMY was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, UDMY is a bad performer in the overall market: 79% of all stocks are doing better.
In the last month UDMY has a been trading in the 6.49 - 7.71 range, which is quite wide. It is currently trading near the high of this range.
UDMY has an average volume of 1120600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
UDMY is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry, UDMY did better than 43% of them.
UDMY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UDMY 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.
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
6.46
8.21
We found 3 important support areas.
- A support zone ranging from 6.98 to 7.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.66 from a trend line in the daily time frame.
- A support zone ranging from 6.53 to 6.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- 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.
- Resistance @8.13 from a trend line in the weekly 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 | 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 | 21.57 | NEGATIVE | UDMY has a low relative strength, it was outperformed by 78.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UDMY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UDMY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of UDMY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.12 | NEUTRAL | The RSI value for UDMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests UDMY has a positive trend. |
| Stochastics (14,3) | 71.92 | NEUTRAL | The Stochastics value for UDMY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for UDMY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.16 | NEGATIVE | The low ADX value for UDMY 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)
7.45
+0.47 (+6.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg6.73%
1 Week6.58%
2 Weeks13.91%
1 Month6.13%
3 Month7.04%
6 Month-1.19%
12 Month-17.13%
2 Year-36.92%
3 Year-37.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.34%
ATR Inc118.32%
Range Today0.4
ADR(20)0.23
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.57
Mansfield-1.23
10 Day High7.71
10 Day Low6.49
20 Day High7.71
20 Day Low6.49
52 Week High10.61
52 Week Low5.68
CS1 End7.11
CR1 Start7.61
Volume & EV
DER(3)0.44%
DER(5)1.87%
Volume3.35M
Volume Incr23.22%
Vol(5)1.50M
Vol(50)1.12M