UNITED FIRE GROUP INC (UFCS) Stock Technical Analysis
NASDAQ:UFCS • US9103401082
We assign a technical rating of 10 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that UFCS is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by UFCS over the past year are nicely spread over this period.
- UFCS is one of the better performing stocks in the Insurance industry, it outperforms 92% of 149 stocks in the same industry.
- UFCS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UFCS is lagging the market slightly.
- In the last month UFCS has a been trading in the 34.25 - 40.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
UFCS has an excellent technical rating, but the quality of the setup is only medium 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.
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25.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 36.26 to 37.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.34 to 35.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.03 from a trend line in the weekly time frame.
- Support @26.23 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for UFCS is up. |
| ChartMill Relative Strength | 83.12 | POSITIVE | UFCS has a high relative strength, it outperformed 83.12% 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) | 59.04 | NEUTRAL | The RSI value for UFCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests UFCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.82 | NEUTRAL | The Stochastics value for UFCS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.77 | POSITIVE | The high ADX value value for UFCS suggests a strong 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 |
|---|---|---|---|
| 40.64 | 36.25 | 4.39 (10.80%) | 9.26% |
| An entry @40.64. This is a Buy Stop order right above the 10 day high. | An exit @36.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.39 points, which is 10.80%. | When investing 9.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
38.53
+0.45 (+1.18%)
UNITED FIRE GROUP INC / UFCS FAQ
What is the technical rating for UFCS stock?
ChartMill assigns a technical rating of 10 / 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 UFCS stock?
UNITED FIRE GROUP INC (UFCS) has an RSI value of 59.0445. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UNITED FIRE GROUP INC?
The MACD indicator for UNITED FIRE GROUP INC (UFCS) has a value of 0.17465, indicating a bearish trend.
What are the support and resistance levels for UNITED FIRE GROUP INC (UFCS) stock?
UNITED FIRE GROUP INC (UFCS) has a support level at 37.3. Check the full technical report for our detailed analysis of UFCS support and resistance levels.