UNITED MICROELECTRON-SP ADR (UMC) Stock Technical Analysis
USA - NYSE:UMC - US9108734057 - ADR
Taking everything into account, UMC scores 5 out of 10 in our technical rating. In the past year, UMC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, UMC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.82. Right above this resistance zone may be a good entry point.
More info and screens
6.50
We found 2 important support areas.
- A support zone ranging from 6.72 to 6.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.57 to 6.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.82 to 7.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.19 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 | NEUTRAL | NEUTRAL | The long term trend for UMC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UMC is neutral. |
| ChartMill Relative Strength | 66 | NEUTRAL | UMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UMC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.48 | NEUTRAL | The RSI value for UMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests UMC has a negative trend. |
| Stochastics (14,3) | 44.41 | NEUTRAL | The Stochastics value for UMC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.57 | NEGATIVE | The low ADX value for UMC suggests a weak or negative trend. |
7.41
+0.1 (+1.37%)
UNITED MICROELECTRON-SP ADR / UMC FAQ
Can you provide the ChartMill technical rating for UNITED MICROELECTRON-SP ADR?
ChartMill assigns a technical rating of 5 / 10 to UMC.
What is the trend direction for UMC stock?
The current trend direction for UNITED MICROELECTRON-SP ADR (UMC) is Bearish.
What is the RSI signal for UMC stock?
UNITED MICROELECTRON-SP ADR (UMC) has an RSI value of 48.4764. This indicates that the stock is currently neutral.
What is the support and resistance level for UMC stock?
UNITED MICROELECTRON-SP ADR (UMC) has a support level at 6.87 and a resistance level at 7.82. Check the full technical report for our detailed analysis of UMC support and resistance levels.