UNIQUE FABRICATING INC (UFAB) Stock Technical Analysis
NYSEARCA:UFAB - NYSE Arca - US90915J1034 - Common Stock - Currency: USD
Taking everything into account, UFAB scores 0 out of 10 in our technical rating. UFAB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UFAB is a bad performer in the overall market: 93% of all stocks are doing better.
UFAB is one of the lesser performing stocks in the Automobile Components industry. 93% of 81 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. The S&P500 Index is trading in the upper part of its 52 week range, so UFAB is lagging the market.
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.
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
0.17
0.25
When analyzing the resistance we notice 4 important 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:UFAB (11/8/2023, 8:07:54 PM)
0.1676
-0.04 (-17.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-17.56%
1 Week-26.3%
2 Weeks-31.56%
1 Month-27.29%
3 Month-23.22%
6 Month-41.05%
12 Month-81.45%
2 Year-92.52%
3 Year-96.43%
5 Year-97.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%19.56%
ATR Inc7.31%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.5
Mansfield-5.3
10 Day High0.25
10 Day Low0.16
20 Day High0.29
20 Day Low0.16
52 Week High0.91
52 Week Low0.14
CS1 EndN/A
CR1 Start0.2
Volume & EV
DER(3)-27.63%
DER(5)-21.37%
Volume514.80K
Volume Incr-78.09%
Vol(5)362.36K
Vol(50)1.05M