UNIQUE FABRICATING INC (UFAB) Technical Analysis
NYSEARCA:UFAB • US90915J1034
Current stock price
UFAB Technical Rating and Analysis
Taking everything into account, UFAB scores 0 out of 10 in our technical rating. UFAB'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.
- 93% of all other stocks performed better in the past year than UFAB.
- UFAB is one of the lesser performing stocks in the Automobile Components industry. 82% of 42 stocks in the same industry do better.
- UFAB 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 UFAB has a been trading in the 0.16 - 0.29 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- UFAB has an average volume of 1046160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
UFAB Weekly and Daily overview Charts
UFAB Setup Rating and Analysis
The technical rating of UFAB is bad and it also does not present a quality setup 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
UFAB Support and Resistance Analysis
0.17
We can see 4 important resistance areas.
- Resistance @0.20 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.25 from a trend line in the daily time frame.
UFAB 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 UFAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UFAB is down. |
| ChartMill Relative Strength | 7.5 | NEGATIVE | UFAB has a low relative strength, it was outperformed by 92.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UFAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UFAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UFAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.1 | NEUTRAL | The RSI value for UFAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UFAB has a negative trend. |
| Stochastics (14,3) | 2.11 | OVERSOLD | The low Stochastics value suggests UFAB may be oversold. |
| Average True Range in percent/ATR (20) | 19.56 | HIGH VOLATILITY | The high ATR as a percentage value for UFAB suggests high volalility. |
| Average Directional Index/ADX (14) | 33.11 | POSITIVE | The high ADX value value for UFAB suggests a strong trend. |
UFAB Chart- and CandleStick Pattern Analysis
UFAB Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:UFAB (11/8/2023, 8:07:54 PM)
0.1676
-0.04 (-17.56%)
UNIQUE FABRICATING INC / UFAB TA FAQ
Can you provide the ChartMill technical rating for UNIQUE FABRICATING INC?
ChartMill assigns a technical rating of 0 / 10 to UFAB.
What is the trend direction for UFAB stock?
The current trend direction for UNIQUE FABRICATING INC (UFAB) is Bearish.
What is the RSI signal for UNIQUE FABRICATING INC (UFAB) stock?
UNIQUE FABRICATING INC (UFAB) has an RSI value of 33.1009. This indicates that the stock is currently neutral.
What is the MACD signal for UNIQUE FABRICATING INC (UFAB) stock?
The MACD indicator for UNIQUE FABRICATING INC (UFAB) has a value of -0.00674387, indicating a bearish trend.
What is the support and resistance level for UFAB stock?
UNIQUE FABRICATING INC (UFAB) has a resistance level at 0.2. Check the full technical report for our detailed analysis of UFAB support and resistance levels.