URBAN EDGE PROPERTIES (UE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:UE • US91704F1049
Overall UE gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UE is only an average performer.
- The long and short term trends are both positive. This is looking good!
- UE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month UE has a been trading in the 18.50 - 21.32 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 55% of them, which is more or less in line with the market.
- UE is part of the Diversified REITs industry. There are 122 other stocks in this industry, UE did better than 53% of them.
Although UE has an excellent technical rating, it does not present a decent entry opportunity 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
17.41
We found 3 important support areas.
- A support zone ranging from 18.88 to 19.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.34 to 18.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.59 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 | UP | POSITIVE | The long term trend for UE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UE is up. |
| ChartMill Relative Strength | 55.57 | 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) | 71.78 | OVERBOUGHT | The high RSI value suggests UE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests UE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.85 | OVERBOUGHT | The high Stochastics value suggests UE may be overbought. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for UE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.98 | POSITIVE | The high ADX value value for UE suggests a strong trend. |
21.04
+0.18 (+0.86%)
URBAN EDGE PROPERTIES / UE FAQ
What is the ChartMill technical rating of URBAN EDGE PROPERTIES (UE) stock?
ChartMill assigns a technical rating of 8 / 10 to UE.
What is the trend direction for UE stock?
The current trend direction for URBAN EDGE PROPERTIES (UE) is Bullish.
What is the RSI signal for UE stock?
URBAN EDGE PROPERTIES (UE) has an RSI value of 71.7763. 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 0.21335, indicating a bearish trend.
What is the short term momentum for UE stock?
The short term momentum for URBAN EDGE PROPERTIES (UE) is positive.