UDEMY INC (UDMY) Stock Technical Analysis
NASDAQ:UDMY • US9026851066
Taking everything into account, UDMY scores 1 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 86% of all other stocks performed better in the past year than UDMY.
- UDMY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month UDMY has a been trading in the 4.35 - 5.15 range, which is quite wide. It is currently trading near the high of this range.
- UDMY has an average volume of 3103020 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 75 other stocks in this industry, UDMY did better than 44% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
UDMY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UDMY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.52
We found 1 important support area.
- A support zone ranging from 4.57 to 4.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.14 to 5.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.33 from a trend line in the daily time frame.
- Resistance @6.79 from a trend line in the weekly time frame.
- Resistance @7.07 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 | NEUTRAL | NEUTRAL | The short term trend for UDMY is neutral. |
| ChartMill Relative Strength | 14.05 | NEGATIVE | UDMY has a low relative strength, it was outperformed by 85.95% 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) | 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) | 57.1 | NEUTRAL | The RSI value for UDMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests UDMY has a positive trend. |
| Stochastics (14,3) | 75.05 | NEUTRAL | The Stochastics value for UDMY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for UDMY suggests high volalility. |
| Average Directional Index/ADX (14) | 12.29 | NEGATIVE | The low ADX value for UDMY suggests a weak or negative trend. |
5.13
+0.22 (+4.48%)
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 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 57.0998. This indicates that the stock is currently neutral.
What are the support and resistance levels for UDEMY INC (UDMY) stock?
UDEMY INC (UDMY) has a support level at 4.68 and a resistance level at 5.14. Check the full technical report for our detailed analysis of UDMY support and resistance levels.