UMAC Technical Analysis - UNUSUAL MACHINES INC /US

Technical Rating and Analysis

Overall UMAC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UMAC is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

UMAC is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. UMAC outperforms 97% of them.

In the last month UMAC has a been trading in the 8.65 - 13.13 range, which is quite wide. It is currently trading near the high of this range.

UMAC has an average volume of 4025210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, UMAC did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UNUSUAL MACHINES INC /US / UMAC Weekly stock chart

UNUSUAL MACHINES INC /US / UMAC Daily stock chart

Setup Rating and Analysis

Although UMAC 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.58

13.23

3 important support areas can be observed.

Support @9.73 from a trend line in the daily time frame.
Support @9.38 from a trend line in the daily time frame.
Support @6.65 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for UMAC is up.
ChartMill Relative Strength	99.3	POSITIVE	UMAC has a high relative strength, it outperformed 99.3% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of UMAC is above the rising 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)	DOWN	MIXED	The current price of UMAC is above a declining SMA(200).
Relative Strength Index/RSI (14)	69.93	NEUTRAL	The RSI value for UMAC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests UMAC has a positive trend.
Stochastics (14,3)	86.85	OVERBOUGHT	The high Stochastics value suggests UMAC may be overbought.
Average True Range in percent/ATR (20)	6.44	HIGH VOLATILITY	The high ATR as a percentage value for UMAC suggests high volalility.
Average Directional Index/ADX (14)	24.23	NEUTRAL	The ADX value for UMAC suggests a possible start of a new trend.