UFP TECHNOLOGIES INC (UFPT) Stock Technical Analysis
NASDAQ:UFPT • US9026731029
Taking everything into account, UFPT scores 6 out of 10 in our technical rating. In the last year, UFPT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month UFPT has a been trading in the 240.62 - 274.93 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- UFPT is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry. UFPT outperforms 70% of them.
- UFPT 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 UFPT is lagging the market slightly.
- When comparing the performance of all stocks over the past year, UFPT turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
UFPT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 245.80, a Stop Loss order could be placed below this zone.
More info and screens
184.96
We found 2 important support areas.
- A support zone ranging from 242.00 to 245.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @186.83 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @248.28 from a trend line in the daily time frame.
- A resistance zone ranging from 266.65 to 267.57. 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 UFPT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UFPT is neutral. |
| ChartMill Relative Strength | 40.4 | NEUTRAL | UFPT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UFPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UFPT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UFPT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.7 | NEUTRAL | The RSI value for UFPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.78 | NEGATIVE | The MACD value suggests UFPT has a negative trend. |
| Stochastics (14,3) | 33.73 | NEUTRAL | The Stochastics value for UFPT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for UFPT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for UFPT suggests a weak or negative trend. |
245.81
-1.51 (-0.61%)
UFP TECHNOLOGIES INC / UFPT FAQ
What is the ChartMill technical rating of UFP TECHNOLOGIES INC (UFPT) stock?
ChartMill assigns a technical rating of 6 / 10 to UFPT.
Can you provide the trend direction for UFP TECHNOLOGIES INC?
The current trend direction for UFP TECHNOLOGIES INC (UFPT) is Bullish.
What is the RSI signal for UFP TECHNOLOGIES INC (UFPT) stock?
UFP TECHNOLOGIES INC (UFPT) has an RSI value of 44.6993. This indicates that the stock is currently neutral.
What is the MACD signal for UFP TECHNOLOGIES INC (UFPT) stock?
The MACD indicator for UFP TECHNOLOGIES INC (UFPT) has a value of -1.77892, indicating a bearish trend.
What is the support and resistance level for UFPT stock?
UFP TECHNOLOGIES INC (UFPT) has a support level at 245.8 and a resistance level at 248.28. Check the full technical report for our detailed analysis of UFPT support and resistance levels.