UEIC Technical Analysis - UNIVERSAL ELECTRONICS INC

Technical Rating and Analysis

Taking everything into account, UEIC scores 0 out of 10 in our technical rating. UEIC'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

96% of all other stocks performed better in the past year than UEIC.

UEIC is part of the Household Durables industry. There are 63 other stocks in this industry, of which 88% are performing better than UEIC.

UEIC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month UEIC has a been trading in the 4.45 - 5.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UNIVERSAL ELECTRONICS INC / UEIC Weekly stock chart

UNIVERSAL ELECTRONICS INC / UEIC Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, UEIC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.50, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.33

7.38

When analyzing the support we notice one important area.

A support zone ranging from 4.37 to 4.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 4.67 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 5.04 to 5.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @7.31 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 UEIC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for UEIC is down.
ChartMill Relative Strength	4.8	NEGATIVE	UEIC has a low relative strength, it was outperformed by 95.2% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of UEIC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of UEIC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of UEIC is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.78	NEUTRAL	The RSI value for UEIC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests UEIC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	24.18	NEUTRAL	The Stochastics value for UEIC is a neutral value.
Average True Range in percent/ATR (20)	5.39	HIGH VOLATILITY	The high ATR as a percentage value for UEIC suggests high volalility.
Average Directional Index/ADX (14)	16.38	NEGATIVE	The low ADX value for UEIC suggests a weak or negative trend.