UMAC Technical Analysis - UNUSUAL MACHINES INC /US

Technical Rating and Analysis

Overall UMAC gets a technical rating of 10 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.

When comparing the yearly performance of all stocks, we notice that UMAC is one of the better performing stocks in the market, outperforming 99% of all stocks.

UMAC is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. UMAC outperforms 98% of them.

UMAC has an average volume of 3176460 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 10.33 - 17.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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 present a decent entry opportunity 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.75

16.54

When analyzing the support we can see 4 important areas.

A support zone ranging from 13.36 to 13.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @10.68 from a trend line in the daily time frame.
Support @9.85 from a trend line in the daily time frame.
Support @8.84 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 16.38 to 16.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	99.33	POSITIVE	UMAC has a high relative strength, it outperformed 99.33% 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)	55.29	NEUTRAL	The RSI value for UMAC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.15	NEGATIVE	The MACD value suggests UMAC has a negative trend.
Stochastics (14,3)	44.05	NEUTRAL	The Stochastics value for UMAC is a neutral value.
Average True Range in percent/ATR (20)	10.82	HIGH VOLATILITY	The high ATR as a percentage value for UMAC suggests high volalility.
Average Directional Index/ADX (14)	35.45	POSITIVE	The high ADX value value for UMAC suggests a strong trend.