URBAN EDGE PROPERTIES (UE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UE - US91704F1049 - REIT
Overall UE gets a technical rating of 3 out of 10. In the past year, UE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, UE 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 19.12, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.82
3 important support areas can be observed.
- A support zone ranging from 18.54 to 19.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.50 from a trend line in the weekly time frame.
- Support @16.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 19.27 to 19.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.35 from a trend line in the weekly time frame.
- Resistance @20.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.20 to 21.21. 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 UE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UE is neutral. |
| ChartMill Relative Strength | 24.75 | NEGATIVE | UE has a low relative strength, it was outperformed by 75.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of UE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.08 | NEUTRAL | The RSI value for UE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.5 | NEUTRAL | The Stochastics value for UE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for UE suggests low volalility. |
| Average Directional Index/ADX (14) | 14.95 | NEGATIVE | The low ADX value for UE suggests a weak or negative trend. |
19.17
-0.17 (-0.88%)
URBAN EDGE PROPERTIES / UE FAQ
What is the ChartMill technical rating of URBAN EDGE PROPERTIES (UE) stock?
ChartMill assigns a technical rating of 3 / 10 to UE.
What is the current trend direction of URBAN EDGE PROPERTIES (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 47.0806. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for URBAN EDGE PROPERTIES?
URBAN EDGE PROPERTIES (UE) has a support level at 19.12 and a resistance level at 19.27. Check the full technical report for our detailed analysis of UE support and resistance levels.