UNITED FIRE GROUP INC (UFCS) Stock Technical Analysis
USA - NASDAQ:UFCS - US9103401082 - Common Stock
We assign a technical rating of 9 out of 10 to UFCS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UFCS is showing a nice and steady performance.
UFCS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.98, a Stop Loss order could be placed below this zone.
More info and screens
19.30
6 important support areas can be observed.
- A support zone ranging from 30.03 to 30.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.15 from a trend line in the weekly time frame.
- A support zone ranging from 26.71 to 26.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.23 from a horizontal line in the weekly time frame.
- Support @25.47 from a horizontal line in the daily time frame.
- Support @19.49 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.55 to 31.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.51 from a horizontal 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 | 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 | 89.19 | POSITIVE | UFCS has a high relative strength, it outperformed 89.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UFCS is above the rising 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) | 55.31 | NEUTRAL | The RSI value for UFCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests UFCS has a positive trend. |
| Stochastics (14,3) | 62.42 | NEUTRAL | The Stochastics value for UFCS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.17 | NEGATIVE | The low ADX value for UFCS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 31.76 | 30.02 | 1.74 (5.48%) | 18.25% |
| An entry @31.76. This is a Buy Stop order right above the resistance zone. | An exit @30.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.74 points, which is 5.48%. | For a 1.00% total portfolio risk, you can invest 18.25% 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.
31.33
+0.46 (+1.49%)
UNITED FIRE GROUP INC / UFCS FAQ
What is the technical rating for UFCS stock?
ChartMill assigns a technical rating of 9 / 10 to UFCS.
What is the current trend direction of UNITED FIRE GROUP INC (UFCS) stock?
The current trend direction for UNITED FIRE GROUP INC (UFCS) is Bullish.
What is the RSI signal for UFCS stock?
UNITED FIRE GROUP INC (UFCS) has an RSI value of 55.3146. This indicates that the stock is currently neutral.
What is the MACD signal for UFCS stock?
The MACD indicator for UNITED FIRE GROUP INC (UFCS) has a value of 0.0309896, indicating a bearish trend.