URBAN EDGE PROPERTIES (UE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:UE • US91704F1049
We assign a technical rating of 6 out of 10 to UE. In the past year, UE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- UE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UE is lagging the market slightly.
- In the last month UE has a been trading in the 18.50 - 21.09 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, UE outperforms 58% of them, which is more or less in line with the market.
- UE is an average performer in the Diversified REITs industry, it outperforms 56% of 124 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
UE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.40
When analyzing the support we can see 4 important areas.
- Support @20.80 from a horizontal line in the daily time frame.
- A support zone ranging from 18.86 to 19.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.50 to 18.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.58 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 UE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UE is up. |
| ChartMill Relative Strength | 58.08 | NEUTRAL | UE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.63 | OVERBOUGHT | The high RSI value suggests UE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests UE has a positive trend. |
| Stochastics (14,3) | 95.15 | OVERBOUGHT | The high Stochastics value suggests UE may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for UE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.38 | NEGATIVE | The low ADX value for UE suggests a weak or negative trend. |
20.99
+0.47 (+2.29%)
URBAN EDGE PROPERTIES / UE FAQ
What is the ChartMill technical rating of URBAN EDGE PROPERTIES (UE) stock?
ChartMill assigns a technical rating of 6 / 10 to UE.
What is the trend direction for UE stock?
The current trend direction for URBAN EDGE PROPERTIES (UE) is Bearish.
What is the RSI signal for UE stock?
URBAN EDGE PROPERTIES (UE) has an RSI value of 73.6269. This indicates that the stock is currently overbought.
What is the MACD signal for UE stock?
The MACD indicator for URBAN EDGE PROPERTIES (UE) has a value of 0.203234, indicating a bearish trend.
What is the short term momentum for UE stock?
The short term momentum for URBAN EDGE PROPERTIES (UE) is positive.