UNITED MICROELECTRON-SP ADR (UMC) Stock Technical Analysis
USA - NYSE:UMC - US9108734057 - ADR
We assign a technical rating of 7 out of 10 to UMC. UMC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, UMC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.52, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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6.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.46 to 7.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.84 to 6.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.72 from a horizontal line in the daily time frame.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.86 to 7.94. 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 | UP | POSITIVE | The long term trend for UMC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UMC is up. |
| ChartMill Relative Strength | 66.46 | NEUTRAL | UMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UMC is above 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) | 59.89 | NEUTRAL | The RSI value for UMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests UMC has a positive trend. |
| Stochastics (14,3) | 51.74 | NEUTRAL | The Stochastics value for UMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for UMC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.95 | 7.45 | 0.50 (6.29%) | 15.90% |
| An entry @7.95. This is a Buy Stop order right above the resistance zone. | An exit @7.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 6.29%. | For a 1.00% total portfolio risk, you can invest 15.90% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.71
+0.18 (+2.39%)
UNITED MICROELECTRON-SP ADR / UMC FAQ
Can you provide the ChartMill technical rating for UNITED MICROELECTRON-SP ADR?
ChartMill assigns a technical rating of 7 / 10 to UMC.
What is the trend direction for UMC stock?
The current trend direction for UNITED MICROELECTRON-SP ADR (UMC) is Bullish.
What is the RSI signal for UMC stock?
UNITED MICROELECTRON-SP ADR (UMC) has an RSI value of 59.8893. This indicates that the stock is currently neutral.
What is the buy/sell signal for UMC stock?
The buy/sell signal for UNITED MICROELECTRON-SP ADR (UMC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for UMC stock?
UNITED MICROELECTRON-SP ADR (UMC) has a support level at 7.52 and a resistance level at 7.86. Check the full technical report for our detailed analysis of UMC support and resistance levels.