URBAN EDGE PROPERTIES (UE) Stock Technical Analysis
NYSE:UE - New York Stock Exchange, Inc. - US91704F1049 - REIT - Currency: USD
We assign a technical rating of 4 out of 10 to UE. UE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
UE has only a medium 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 18.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UE 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.
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16.82
3 important support areas can be observed.
- A support zone ranging from 18.07 to 18.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.39 from a trend line in the weekly time frame.
- Support @16.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.04 to 19.12. 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 | DOWN | NEGATIVE | The long term trend for UE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UE is up. |
| ChartMill Relative Strength | 44.99 | 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) | DOWN | NEGATIVE | The current price of UE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.43 | NEUTRAL | The RSI value for UE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests UE has a positive trend. |
| Stochastics (14,3) | 83.29 | OVERBOUGHT | The high Stochastics value suggests UE may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for UE suggests some volalility. |
| Average Directional Index/ADX (14) | 9.04 | NEGATIVE | The low ADX value for UE suggests a weak or negative trend. |
19.03
+0.05 (+0.26%)