UNITED FIRE GROUP INC (UFCS) Technical Analysis
NASDAQ:UFCS • US9103401082
We assign a technical rating of 6 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.
- In the last month UFCS has a been trading in the 36.15 - 39.84 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, UFCS did better than 77% of all other stocks. We also observe that the gains produced by UFCS over the past year are nicely spread over this period.
- UFCS is part of the Insurance industry. There are 149 other stocks in this industry. UFCS outperforms 90% of them.
- 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 36.86, a Stop Loss order could be placed below this zone.
More info and screens
31.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 35.87 to 36.86. 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 34.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.54 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.
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 | DOWN | NEGATIVE | The short term trend for UFCS is down. |
| ChartMill Relative Strength | 77.1 | POSITIVE | UFCS has a high relative strength, it outperformed 77.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UFCS is below 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) | 44.58 | NEUTRAL | The RSI value for UFCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests UFCS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.96 | OVERSOLD | The low Stochastics value suggests UFCS may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.92 | 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 |
|---|---|---|---|
| 37.68 | 36.14 | 1.54 (4.08%) | 24.48% |
| An entry @37.68. This is a Buy Stop order right above the 10 day moving average. | An exit @36.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.54 points, which is 4.08%. | For a 1.00% total portfolio risk, you can invest 24.48% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of UFCS. Please evaluate whether better entry and exit points can be found.
- 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
36.87
+0.08 (+0.22%)
UNITED FIRE GROUP INC / UFCS FAQ
What is the technical rating for UFCS stock?
ChartMill assigns a technical rating of 6 / 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 44.5785. 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 -0.296021, 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 36.86 and a resistance level at 39.34. Check the full technical report for our detailed analysis of UFCS support and resistance levels.