UNITED FIRE GROUP INC (UFCS) Stock Technical Analysis
NASDAQ:UFCS - Nasdaq - US9103401082 - Common Stock - Currency: USD
Taking everything into account, UFCS scores 5 out of 10 in our technical rating. 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.
UFCS is one of the better performing stocks in the Insurance industry, it outperforms 76% of 142 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 26.71 - 28.98 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.
Looking at the yearly performance, UFCS did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although the technical rating is only medium, UFCS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.51
29.42
7 important support areas can be observed.
- A support zone ranging from 27.91 to 28.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.37 from a trend line in the weekly time frame.
- Support @26.45 from a trend line in the daily time frame.
- Support @25.34 from a horizontal line in the daily time frame.
- A support zone ranging from 24.78 to 24.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.49 from a horizontal line in the weekly time frame.
- Support @18.70 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.57 to 28.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.13 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 | 85.22 | POSITIVE | UFCS has a high relative strength, it outperformed 85.22% 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) | DOWN | MIXED | The current price of UFCS is above a declining 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) | 53.95 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 80.39 | OVERBOUGHT | The high Stochastics value suggests UFCS may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.05 | NEGATIVE | The low ADX value for UFCS suggests a weak or negative 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)
28.48
+0.03 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.11%
1 Week2.45%
2 Weeks-0.49%
1 Month-0.52%
3 Month1.86%
6 Month-9.73%
12 Month33.4%
2 Year25.68%
3 Year-16.8%
5 Year2.78%
10 Year-13.06%
15 Year43.69%
Volatility
ATR(14)0.84
ATR(20)%3.19%
ATR Inc-33.13%
Range Today0.75
ADR(20)0.89
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.22
Mansfield1.08
10 Day High28.94
10 Day Low26.77
20 Day High28.98
20 Day Low26.71
52 Week High31.7
52 Week Low18.04
CS1 End28.48
CR1 Start28.57
Volume & EV
DER(3)-0.58%
DER(5)0.84%
Volume131.50K
Volume Incr2.58%
Vol(5)95.58K
Vol(50)102.17K