UNUSUAL MACHINES INC /US (UMAC) Stock Technical Analysis
NYSEARCA:UMAC • US91532F1021
Overall UMAC gets a technical rating of 7 out of 10. UMAC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, UMAC did better than 94% of all other stocks.
- UMAC is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 81% of 124 stocks in the same industry.
- UMAC has an average volume of 3305410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- UMAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UMAC is lagging the market.
- In the last month UMAC has a been trading in the 11.02 - 16.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, UMAC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.30, a Stop Loss order could be placed below this zone.
More info and screens
7.51
We found 7 important support areas.
- A support zone ranging from 13.15 to 13.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.11 from a trend line in the daily time frame.
- Support @11.91 from a horizontal line in the weekly time frame.
- Support @9.52 from a trend line in the weekly time frame.
- Support @9.26 from a trend line in the daily time frame.
- Support @9.08 from a trend line in the weekly time frame.
- Support @7.59 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @14.47 from a horizontal line in the daily time frame.
- Resistance @18.73 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 UMAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UMAC is neutral. |
| ChartMill Relative Strength | 94.61 | POSITIVE | UMAC has a high relative strength, it outperformed 94.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UMAC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UMAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UMAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.66 | NEUTRAL | The RSI value for UMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests UMAC has a positive trend. |
| Stochastics (14,3) | 58.39 | NEUTRAL | The Stochastics value for UMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.03 | HIGH VOLATILITY | The high ATR as a percentage value for UMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for UMAC 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 |
|---|---|---|---|
| 14.48 | 13.14 | 1.34 (9.25%) | 10.81% |
| An entry @14.48. This is a Buy Stop order right above the resistance zone. | An exit @13.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.34 points, which is 9.25%. | When investing 10.81% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of UMAC. Please evaluate whether better entry and exit points can be found.
- 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.
13.76
+0.32 (+2.38%)
UNUSUAL MACHINES INC /US / UMAC FAQ
What is the ChartMill technical rating of UNUSUAL MACHINES INC /US (UMAC) stock?
ChartMill assigns a technical rating of 7 / 10 to UMAC.
Can you provide the trend direction for UNUSUAL MACHINES INC /US?
The current trend direction for UNUSUAL MACHINES INC /US (UMAC) is Bullish.
What is the RSI signal for UMAC stock?
UNUSUAL MACHINES INC /US (UMAC) has an RSI value of 50.657. This indicates that the stock is currently neutral.
What is the MACD signal for UMAC stock?
The MACD indicator for UNUSUAL MACHINES INC /US (UMAC) has a value of 0.080476, indicating a bearish trend.