UNITED MICROELECTRON-SP ADR (UMC) Stock Technical Analysis
NYSE:UMC - New York Stock Exchange, Inc. - US9108734057 - ADR - Currency: USD
Taking everything into account, UMC scores 8 out of 10 in our technical rating. Although UMC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
UMC is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 73% of 110 stocks in the same industry.
UMC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UMC is performing more or less in line with the market.
In the last month UMC has a been trading in the 7.50 - 8.33 range, which is quite wide. It is currently trading near the high of this range.
UMC has an average volume of 11369000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, UMC did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although UMC 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.
More info and screens
6.46
9.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.83 to 7.97. 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 7.46 to 7.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.82 from a trend line in the weekly time frame.
- Support @6.53 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.86 to 8.92. 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 | 71.31 | POSITIVE | UMC has a high relative strength, it outperformed 71.31% 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) | DOWN | MIXED | The current price of UMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.57 | NEUTRAL | The RSI value for UMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests UMC has a positive trend. |
| Stochastics (14,3) | 90.76 | OVERBOUGHT | The high Stochastics value suggests UMC may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.1 | POSITIVE | The high ADX value value for UMC suggests a strong 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)
8.27
+0.1 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.22%
1 Week4.29%
2 Weeks8.53%
1 Month5.35%
3 Month23.25%
6 Month26.65%
12 Month-6.55%
2 Year4.82%
3 Year22.16%
5 Year213.26%
10 Year303.42%
15 Year184.19%
Volatility
ATR(14)0.17
ATR(20)%2.13%
ATR Inc-5.08%
Range Today0.09
ADR(20)0.13
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.31
Mansfield0.79
10 Day High8.33
10 Day Low7.5
20 Day High8.33
20 Day Low7.5
52 Week High8.95
52 Week Low5.61
CS1 End7.97
CR1 Start8.86
Volume & EV
DER(3)1.96%
DER(5)-0.14%
Volume9.91M
Volume Incr21.53%
Vol(5)10.62M
Vol(50)11.37M