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 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UMC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
UMC is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. UMC outperforms 81% of them.
UMC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
UMC has an average volume of 13082400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, UMC turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
UMC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so UMC is lagging the market slightly.
UMC has an excellent technical rating, but the quality of the setup is only medium 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
6.36
8.16
We found 3 important support areas.
- A support zone ranging from 7.67 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.66 from a trend line in the weekly time frame.
- Support @6.42 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.87 to 7.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.05 to 8.08. This zone is formed by a combination of multiple trend lines in the daily 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 | 67.72 | 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) | DOWN | MIXED | The current price of UMC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.63 | 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) | 48.01 | NEUTRAL | The Stochastics value for UMC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.8 | 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)
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 |
|---|---|---|---|
| 7.88 | 7.66 | 0.22 (2.79%) | 25.00% |
| An entry @7.88. This is a Buy Stop order right above the resistance zone. | An exit @7.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 2.79%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of UMC. Please evaluate whether better entry and exit points can be found.
- 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.
7.7
-0.1 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.28%
1 Week-4.35%
2 Weeks-0.52%
1 Month9.38%
3 Month19.38%
6 Month14.07%
12 Month-9.41%
2 Year-6.78%
3 Year-12.6%
5 Year204.35%
10 Year242.22%
15 Year132.63%
Volatility
ATR(14)0.16
ATR(20)%2.24%
ATR Inc-5.81%
Range Today0.17
ADR(20)0.13
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.72
Mansfield0.05
10 Day High8.16
10 Day Low7.66
20 Day High8.16
20 Day Low6.98
52 Week High9
52 Week Low5.61
CS1 End7.69
CR1 Start7.87
Volume & EV
DER(3)4.05%
DER(5)2.64%
Volume10.41M
Volume Incr-0.14%
Vol(5)9.88M
Vol(50)13.08M