UNITED FIRE GROUP INC (UFCS) Stock Technical Analysis
USA - NASDAQ:UFCS - US9103401082 - Common Stock
31.29 USD
-1.21 (-3.72%)
31.29 USD
0 (0%)
Overall UFCS gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, UFCS did better than 83% of all other stocks.
UFCS is part of the Insurance industry. There are 146 other stocks in this industry. UFCS outperforms 88% of them.
A new 52 week high is currently being made by UFCS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month UFCS has a been trading in the 30.23 - 32.58 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
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 30.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
19.30
32.83
We found 6 important support areas.
- Support @30.38 from a horizontal line in the daily time frame.
- Support @28.09 from a horizontal line in the daily time frame.
- Support @27.30 from a trend line in the weekly time frame.
- A support zone ranging from 26.23 to 26.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.47 from a horizontal line in the daily time frame.
- Support @19.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.50 to 31.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.50 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 | UP | POSITIVE | The short term trend for UFCS is up. |
| ChartMill Relative Strength | 83.95 | POSITIVE | UFCS has a high relative strength, it outperformed 83.95% 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) | 53.16 | NEUTRAL | The RSI value for UFCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UFCS has a negative trend. |
| Stochastics (14,3) | 71.76 | NEUTRAL | The Stochastics value for UFCS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 34.71 | POSITIVE | The high ADX value value for UFCS 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)
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 | 30.52 | 1.24 (3.90%) | 25.00% |
| An entry @31.76. This is a Buy Stop order right above the resistance zone. | An exit @30.52. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.24 points, which is 3.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- 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.
31.29
-1.21 (-3.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-3.72%
1 Week-1.14%
2 Weeks0.42%
1 Month0.19%
3 Month9.44%
6 Month8.8%
12 Month48.79%
2 Year58.43%
3 Year8.91%
5 Year53.99%
10 Year-10.73%
15 Year47.52%
Volatility
ATR(14)0.82
ATR(20)%2.4%
ATR Inc50.15%
Range Today1.32
ADR(20)0.73
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.95
Mansfield0.3
10 Day High32.58
10 Day Low30.53
20 Day High32.58
20 Day Low30.23
52 Week High32.58
52 Week Low19.19
CS1 End30.38
CR1 Start31.5
Volume & EV
DER(3)-1.04%
DER(5)0.36%
Volume336.40K
Volume Incr46.14%
Vol(5)176.30K
Vol(50)133.58K