UNITED FIRE GROUP INC (UFCS) Technical Analysis
NASDAQ:UFCS • US9103401082
Current stock price
UFCS Technical Rating and Analysis
Overall UFCS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, UFCS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 93% of 147 stocks in the same industry.
- UFCS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- UFCS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
UFCS Weekly and Daily overview Charts
UFCS Setup Rating and Analysis
Besides having an excellent technical rating, UFCS also presents a decent setup pattern. 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 resistance zone just above the current price starting at 40.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.76, a Stop Loss order could be placed below this zone.
More info and screens
UFCS Support and Resistance Analysis
32.23
We found 4 important support areas.
- A support zone ranging from 37.71 to 38.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.06 from a horizontal line in the daily time frame.
- A support zone ranging from 34.34 to 34.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.39 to 40.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
UFCS Technical Indicator Signal Analysis
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 | 83.98 | POSITIVE | UFCS has a high relative strength, it outperformed 83.98% 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) | 61.58 | NEUTRAL | The RSI value for UFCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests UFCS has a positive trend. |
| Stochastics (14,3) | 74.48 | NEUTRAL | The Stochastics value for UFCS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for UFCS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.16 | POSITIVE | The high ADX value value for UFCS suggests a strong trend. |
UFCS Chart- and CandleStick Pattern Analysis
UFCS 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.40 | 38.71 | 1.69 (4.18%) | 23.91% |
| An entry @40.40. This is a Buy Stop order right above the resistance zone. | An exit @38.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.69 points, which is 4.18%. | When investing 23.91% 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.
UFCS Technicals: Chart, Performance Metrics, Trend & Indicators
40.15
+0.19 (+0.48%)
UNITED FIRE GROUP INC / UFCS TA 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 UNITED FIRE GROUP INC (UFCS) stock?
UNITED FIRE GROUP INC (UFCS) has an RSI value of 61.5838. This indicates that the stock is currently neutral.
What is the buy/sell signal for UNITED FIRE GROUP INC (UFCS) stock?
The buy/sell signal for UNITED FIRE GROUP INC (UFCS) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for UNITED FIRE GROUP INC?
UNITED FIRE GROUP INC (UFCS) has a support level at 38.76 and a resistance level at 40.39. Check the full technical report for our detailed analysis of UFCS support and resistance levels.