UGE INTERNATIONAL LTD (UGE.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:UGE - CA9035104020 - Common Stock
We assign a technical rating of 9 out of 10 to UGE. Both in the recent history as in the last year, UGE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although UGE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.85
When analyzing the support we notice one important area.
- A support zone ranging from 1.87 to 1.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.01 to 2.01. 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 UGE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UGE.CA is up. |
| ChartMill Relative Strength | 98.61 | POSITIVE | UGE.CA has a high relative strength, it outperformed 98.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UGE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UGE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UGE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.67 | OVERBOUGHT | The high RSI value suggests UGE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UGE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests UGE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.43 | LOW VOLATILITY | The low ATR as a percentage value for UGE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 63.36 | POSITIVE | The high ADX value value for UGE.CA suggests a strong trend. |
TSX-V:UGE (8/15/2024, 7:00:00 PM)
2
+0.01 (+0.5%)
UGE INTERNATIONAL LTD / UGE.CA FAQ
What is the technical rating for UGE stock?
ChartMill assigns a technical rating of 9 / 10 to UGE.CA.
Can you provide the trend direction for UGE INTERNATIONAL LTD?
The current trend direction for UGE INTERNATIONAL LTD (UGE.CA) is Bullish.
What is the RSI signal for UGE stock?
UGE INTERNATIONAL LTD (UGE.CA) has an RSI value of 79.6652. This indicates that the stock is currently overbought.
What is the MACD signal for UGE stock?
The MACD indicator for UGE INTERNATIONAL LTD (UGE.CA) has a value of -0.00876479, indicating a bearish trend.
What is the support and resistance level for UGE stock?
UGE INTERNATIONAL LTD (UGE.CA) has a support level at 1.87 and a resistance level at 2.01. Check the full technical report for our detailed analysis of UGE.CA support and resistance levels.