UNIVERSAL ELECTRONICS INC (UEIC) Stock Technical Analysis
NASDAQ:UEIC • US9134831034
Taking everything into account, UEIC scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. UEIC was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, UEIC is a bad performer in the overall market: 76% of all stocks are doing better.
- UEIC is part of the Household Durables industry. There are 60 other stocks in this industry, of which 71% are performing better than UEIC.
- UEIC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month UEIC has a been trading in the 3.68 - 4.34 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
UEIC 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.
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3.29
When analyzing the support we can see 4 important areas.
- Support @4.19 from a trend line in the daily time frame.
- A support zone ranging from 3.89 to 3.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.50 from a trend line in the daily time frame.
- Support @3.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.28 to 4.28. 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 UEIC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UEIC is up. |
| ChartMill Relative Strength | 24.61 | NEGATIVE | UEIC has a low relative strength, it was outperformed by 75.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UEIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UEIC is above the rising 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) | 66.04 | NEUTRAL | The RSI value for UEIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests UEIC has a positive trend. |
| Stochastics (14,3) | 75.76 | NEUTRAL | The Stochastics value for UEIC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for UEIC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for UEIC suggests a weak or negative trend. |
4.27
+0.15 (+3.64%)
UNIVERSAL ELECTRONICS INC / UEIC FAQ
What is the ChartMill technical rating of UNIVERSAL ELECTRONICS INC (UEIC) stock?
ChartMill assigns a technical rating of 4 / 10 to UEIC.
Can you provide the trend direction for UNIVERSAL ELECTRONICS INC?
The current trend direction for UNIVERSAL ELECTRONICS INC (UEIC) is Bearish.
What is the RSI signal for UEIC stock?
UNIVERSAL ELECTRONICS INC (UEIC) has an RSI value of 66.0431. This indicates that the stock is currently neutral.
What is the MACD signal for UNIVERSAL ELECTRONICS INC (UEIC) stock?
The MACD indicator for UNIVERSAL ELECTRONICS INC (UEIC) has a value of 0.00213987, indicating a bearish trend.
What is the buy/sell signal for UNIVERSAL ELECTRONICS INC (UEIC) stock?
The buy/sell signal for UNIVERSAL ELECTRONICS INC (UEIC) is hold as the short term and long term trends are mixed.