UBIQUITI INC (UI) Stock Technical Analysis
NYSE:UI - New York Stock Exchange, Inc. - US90353W1036 - Common Stock - Currency: USD
Taking everything into account, UI scores 9 out of 10 in our technical rating. UI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, UI 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 very little resistance above the current price. There is a support zone below the current price at 393.21, 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.
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280.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 392.26 to 393.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @306.81 from a trend line in the weekly time frame.
- Support @300.30 from a trend line in the daily time frame.
- Support @283.17 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @436.11 from a horizontal line in the weekly time frame.
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 UI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UI is up. |
| ChartMill Relative Strength | 97.67 | POSITIVE | UI has a high relative strength, it outperformed 97.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.65 | NEUTRAL | The RSI value for UI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.12 | NEGATIVE | The MACD value suggests UI has a negative trend. |
| Stochastics (14,3) | 64.21 | NEUTRAL | The Stochastics value for UI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for UI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for UI 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 |
|---|---|---|---|
| 417.75 | 392.25 | 25.50 (6.10%) | 16.39% |
| An entry @417.75. This is a Buy Stop order right above the 10 day high. | An exit @392.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 25.50 points, which is 6.10%. | When investing 16.39% 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.
400.96
-3.79 (-0.94%)