UNITED MICROELECTRON-SP ADR (UMC) Stock Technical Analysis
NYSE:UMC - New York Stock Exchange, Inc. - US9108734057 - ADR - Currency: USD
Overall UMC gets a technical rating of 0 out of 10. UMC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UMC is a bad performer in the overall market: 87% of all stocks are doing better.
UMC is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 80% are performing better than UMC.
In the last month UMC has a been trading in the 6.64 - 7.54 range, which is quite wide. It is currently trading near the lows of this range.
UMC has an average volume of 8201630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
The technical rating of UMC is bad and it also does not present a quality setup 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
6.60
8.17
We can see 2 important resistance areas.
- A resistance zone ranging from 7.54 to 7.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.09 from a trend 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 | DOWN | NEGATIVE | The long term trend for UMC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UMC is down. |
| ChartMill Relative Strength | 13.21 | NEGATIVE | UMC has a low relative strength, it was outperformed by 86.79% 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) | DOWN | NEGATIVE | The current price of UMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.05 | OVERSOLD | The low RSI value suggests UMC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.8 | OVERSOLD | The low Stochastics value suggests UMC may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.32 | 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)
6.67
-0.07 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.04%
1 Week-2.49%
2 Weeks-8.88%
1 Month-11.77%
3 Month-10.47%
6 Month10.61%
12 Month-20.97%
2 Year-6.97%
3 Year0.6%
5 Year88.42%
10 Year309.2%
15 Year159.53%
Volatility
ATR(14)0.16
ATR(20)%2.15%
ATR Inc-14.35%
Range Today0.14
ADR(20)0.12
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.21
Mansfield-1.48
10 Day High7.32
10 Day Low6.64
20 Day High7.54
20 Day Low6.64
52 Week High8.95
52 Week Low5.61
CS1 EndN/A
CR1 Start7.54
Volume & EV
DER(3)0.61%
DER(5)1.3%
Volume9.07M
Volume Incr-1.03%
Vol(5)6.94M
Vol(50)8.20M