UNITED MICROELECTRON-SP ADR (UMC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UMC - US9108734057 - ADR
We assign a technical rating of 9 out of 10 to UMC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UMC is showing a nice and steady performance.
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 8.19. Right above this resistance zone may be a good entry point.
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3 important support areas can be observed.
- Support @7.45 from a trend line in the weekly time frame.
- A support zone ranging from 6.96 to 7.23. 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.
We found 1 important resistance area.
- A resistance zone ranging from 8.19 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 76.19 | POSITIVE | UMC has a high relative strength, it outperformed 76.19% off all stocks 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) | 58.93 | NEUTRAL | The RSI value for UMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests UMC has a negative trend. |
| Stochastics (14,3) | 66 | NEUTRAL | The Stochastics value for UMC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for UMC suggests low volalility. |
| Average Directional Index/ADX (14) | 23.25 | NEUTRAL | The ADX value for UMC suggests a possible start of a new 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 |
|---|---|---|---|
| 8.18 | 7.77 | 0.41 (5.01%) | 19.95% |
| An entry @8.18. This is a Buy Stop order right above the 10 day high. | An exit @7.77. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.41 points, which is 5.01%. | When investing 19.95% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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+0.03 (+0.38%)
UNITED MICROELECTRON-SP ADR / UMC FAQ
Can you provide the ChartMill technical rating for UNITED MICROELECTRON-SP ADR?
ChartMill assigns a technical rating of 9 / 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 58.9328. 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 7.45 and a resistance level at 8.19. Check the full technical report for our detailed analysis of UMC support and resistance levels.