UNITED FIRE GROUP INC (UFCS) Technical Analysis
NASDAQ:UFCS • US9103401082
Current stock price
UFCS Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to UFCS. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, UFCS did better than 77% of all other stocks. On top of that, UFCS also shows a nice and consistent pattern of rising prices.
- UFCS is one of the better performing stocks in the Insurance industry, it outperforms 93% of 147 stocks in the same industry.
- UFCS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UFCS is performing more or less in line with the market.
- In the last month UFCS has a been trading in the 35.93 - 38.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
UFCS Weekly and Daily overview Charts
UFCS Setup Rating and Analysis
Besides having an excellent technical rating, UFCS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.24, a Stop Loss order could be placed below this zone.
More info and screens
UFCS Support and Resistance Analysis
27.58
When analyzing the support we can see 5 important areas.
- A support zone ranging from 36.76 to 37.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.06 from a horizontal line in the daily time frame.
- A support zone ranging from 34.34 to 34.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.05 from a trend line in the weekly time frame.
- Support @27.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.34 to 39.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
UFCS 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 | UP | POSITIVE | The long term trend for UFCS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UFCS is neutral. |
| ChartMill Relative Strength | 77.55 | POSITIVE | UFCS has a high relative strength, it outperformed 77.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UFCS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UFCS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UFCS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.95 | NEUTRAL | The RSI value for UFCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UFCS has a positive trend. |
| Stochastics (14,3) | 56.54 | NEUTRAL | The Stochastics value for UFCS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.99 | NEGATIVE | The low ADX value for UFCS suggests a weak or negative trend. |
UFCS Chart- and CandleStick Pattern Analysis
UFCS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.63 | 36.75 | 2.88 (7.27%) | 13.76% |
| An entry @39.63. This is a Buy Stop order right above the resistance zone. | An exit @36.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.88 points, which is 7.27%. | For a 1.00% total portfolio risk, you can invest 13.76% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
UFCS Technicals: Chart, Performance Metrics, Trend & Indicators
37.58
+0.89 (+2.43%)
UNITED FIRE GROUP INC / UFCS TA FAQ
What is the technical rating for UFCS stock?
ChartMill assigns a technical rating of 7 / 10 to UFCS.
Can you provide the trend direction for UNITED FIRE GROUP INC?
The current trend direction for UNITED FIRE GROUP INC (UFCS) is Bullish.
What is the RSI signal for UNITED FIRE GROUP INC (UFCS) stock?
UNITED FIRE GROUP INC (UFCS) has an RSI value of 52.9476. This indicates that the stock is currently neutral.
What are the support and resistance levels for UNITED FIRE GROUP INC (UFCS) stock?
UNITED FIRE GROUP INC (UFCS) has a support level at 37.24 and a resistance level at 39.34. Check the full technical report for our detailed analysis of UFCS support and resistance levels.