ULTRALIFE CORP (ULBI) Stock Technical Analysis
NASDAQ:ULBI • US9038991025
Overall ULBI gets a technical rating of 1 out of 10. ULBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 65% of all other stocks performed better in the past year than ULBI.
- In the last month ULBI has a been trading in the 5.65 - 6.75 range, which is quite wide. It is currently trading near the lows of this range.
- ULBI is an average performer in the Electrical Equipment industry, it outperforms 44% of 91 stocks in the same industry.
- ULBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ULBI is lagging the market.
- Considerably lower volume is observed in the last couple of days.
The technical rating of ULBI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.18
We found 2 important support areas.
- Support @5.70 from a trend line in the weekly time frame.
- Support @5.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 5.88 to 5.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.07 to 6.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.32 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.53 from a trend line in the daily time frame.
- Resistance @6.64 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.03 to 7.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @7.21 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for ULBI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ULBI is down. |
| ChartMill Relative Strength | 35.35 | NEUTRAL | ULBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ULBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ULBI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ULBI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.49 | NEUTRAL | The RSI value for ULBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ULBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.68 | OVERSOLD | The low Stochastics value suggests ULBI may be oversold. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ULBI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.72 | NEUTRAL | The ADX value for ULBI suggests a possible start of a new trend. |
5.86
+0.19 (+3.35%)
ULTRALIFE CORP / ULBI FAQ
What is the ChartMill technical rating of ULTRALIFE CORP (ULBI) stock?
ChartMill assigns a technical rating of 1 / 10 to ULBI.
What is the trend direction for ULBI stock?
The current trend direction for ULTRALIFE CORP (ULBI) is Bearish.
Can you provide the RSI signal for ULTRALIFE CORP?
ULTRALIFE CORP (ULBI) has an RSI value of 43.4893. This indicates that the stock is currently neutral.
What is the MACD signal for ULTRALIFE CORP (ULBI) stock?
The MACD indicator for ULTRALIFE CORP (ULBI) has a value of -0.0557322, indicating a bearish trend.
What are the support and resistance levels for ULTRALIFE CORP (ULBI) stock?
ULTRALIFE CORP (ULBI) has a support level at 5.7 and a resistance level at 5.88. Check the full technical report for our detailed analysis of ULBI support and resistance levels.