UNUSUAL MACHINES INC /US (UMAC) Stock Technical Analysis
USA - NYSEARCA:UMAC - US91532F1021 - Common Stock
Overall UMAC gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
UMAC has an excellent technical rating, but the quality of the setup is only medium 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.
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7.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.66 to 11.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.36 from a trend line in the daily time frame.
- Support @7.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @16.11 from a trend 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 | DOWN | NEGATIVE | The short term trend for UMAC is down. |
| ChartMill Relative Strength | 98 | POSITIVE | UMAC has a high relative strength, it outperformed 98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UMAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of UMAC is below 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) | 43.04 | NEUTRAL | The RSI value for UMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests UMAC has a negative trend. |
| Stochastics (14,3) | 24.42 | NEUTRAL | The Stochastics value for UMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 14.59 | HIGH VOLATILITY | The high ATR as a percentage value for UMAC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.79 | NEUTRAL | The ADX value for UMAC suggests a possible start of a new trend. |
11.91
-0.17 (-1.41%)
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.
What is the trend direction for UMAC stock?
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 43.0441. This indicates that the stock is currently neutral.
What is the buy/sell signal for UNUSUAL MACHINES INC /US (UMAC) stock?
The buy/sell signal for UNUSUAL MACHINES INC /US (UMAC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for UNUSUAL MACHINES INC /US (UMAC) stock?
UNUSUAL MACHINES INC /US (UMAC) has a support level at 11.68 and a resistance level at 16.11. Check the full technical report for our detailed analysis of UMAC support and resistance levels.