Taking everything into account, UDMY scores 0 out of 10 in our technical rating. 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.
- 86% of all other stocks performed better in the past year 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 4.52 - 5.95 range, which is quite wide. It is currently trading near the lows of this range.
- UDMY has an average volume of 2932930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- UDMY is part of the Diversified Consumer Services industry. There are 76 other stocks in this industry, UDMY did better than 42% of them.
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
4.64
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 4.95 to 5.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.47 from a trend line in the weekly time frame.
- Resistance @5.59 from a trend line in the daily time frame.
- Resistance @6.85 from a trend line in the weekly time frame.
- Resistance @7.11 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 | 14.22 | NEGATIVE | UDMY has a low relative strength, it was outperformed by 85.78% 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) | 36.5 | NEUTRAL | The RSI value for UDMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UDMY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.95 | NEUTRAL | The Stochastics value for UDMY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for UDMY suggests high volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for UDMY suggests a weak or negative trend. |
4.69
0 (0%)
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 36.5032. 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 resistance level at 4.95. Check the full technical report for our detailed analysis of UDMY support and resistance levels.