UNITED MICROELECTRON-SP ADR (UMC) Stock Technical Analysis
NYSE:UMC - New York Stock Exchange, Inc. - US9108734057 - ADR - Currency: USD
We assign a technical rating of 3 out of 10 to UMC. UMC was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
74% of all other stocks performed better in the past year than UMC.
UMC is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 68% of 110 stocks in the same industry do better.
In the last month UMC has a been trading in the 7.48 - 8.33 range, which is quite wide. It is currently trading near the lows of this range.
UMC has an average volume of 9072730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
UMC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UMC is lagging the market.
Considerably lower volume is observed in the last couple of days.
UMC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UMC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.59
8.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.49 to 7.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.99 from a trend line in the weekly time frame.
- Support @6.66 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.52 to 7.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.14 to 8.19. This zone is formed by a combination of multiple trend lines 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 UMC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UMC is down. |
| ChartMill Relative Strength | 26.69 | NEGATIVE | UMC has a low relative strength, it was outperformed by 73.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of UMC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.34 | NEUTRAL | The RSI value for UMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UMC has a negative trend. |
| Stochastics (14,3) | 12.28 | OVERSOLD | The low Stochastics value suggests UMC may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for UMC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.5
-0.06 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.79%
1 Week-4.21%
2 Weeks-0.92%
1 Month-5.42%
3 Month9.17%
6 Month21.95%
12 Month-9.86%
2 Year-0.13%
3 Year9.97%
5 Year102.7%
10 Year316.67%
15 Year147.53%
Volatility
ATR(14)0.18
ATR(20)%2.28%
ATR Inc-29.18%
Range Today0.05
ADR(20)0.13
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.69
Mansfield-0.5
10 Day High7.87
10 Day Low7.48
20 Day High8.33
20 Day Low7.48
52 Week High8.95
52 Week Low5.61
CS1 End7.49
CR1 Start7.52
Volume & EV
DER(3)8.27%
DER(5)6.45%
Volume4.11M
Volume Incr-41.17%
Vol(5)5.52M
Vol(50)9.07M