UNITED FIRE GROUP INC (UFCS)

US9103401082 - Common Stock

23.53  -0.05 (-0.21%)

After market: 23.53 0 (0%)

Technical Rating and Analysis

7

Taking everything into account, UFCS scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, UFCS is a bad performer.

71% of all other stocks performed better in the past year than UFCS.
UFCS is one of the lesser performing stocks in the Insurance industry. 73% of 140 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
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 21.82 - 24.16 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
UFCS Weekly chart
UFCS Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, UFCS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.97, 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.
Support and Resistance Analysis

18.97

24.56

4 important support areas can be observed.

  • A support zone ranging from 22.10 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 21.08 to 21.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @20.73 from a trend line in the weekly time frame.
  • Support @19.16 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 23.59 to 24.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.66
Mansfield-0.38
10 Day High24.16
10 Day Low22.68
20 Day High24.16
20 Day Low21.82
52 Week High25.55
52 Week Low18.41
Performance
1 Week-0.72%
2 Weeks3.93%
1 Month3.2%
3 Month-3.25%
6 Month18.66%
12 Month0.47%
2 Year-27.4%
3 Year-23.23%
5 Year-49.87%
10 Year-15.21%
15 Year35.15%
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)59.05
LBB22.18
UBB24.15
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
24.3322.671.66 (6.82%)14.66%
An entry @24.33. This is a Buy Stop order right above the resistance zone.An exit @22.67. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.66 points, which is 6.82%.For a 1.00% total portfolio risk, you can invest 14.66% 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.
UFCS Daily chart

UNITED FIRE GROUP INC

NASDAQ:UFCS (5/17/2024, 7:00:01 PM)

After market: 23.53 0 (0%)

23.53

-0.05 (-0.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.21%
1 Week-0.72%
2 Weeks3.93%
1 Month3.2%
3 Month-3.25%
6 Month18.66%
12 Month0.47%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.71
ATR(20)%2.52%
ATR Inc
Range Today0.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High24.16
10 Day Low22.68
20 Day High24.16
20 Day Low21.82
52 Week High25.55
52 Week Low18.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume38.80K
Volume Incr-13.37%
Vol(5)66.26K
Vol(50)82.58K