NYSE:UMC • US9108734057
Taking everything into account, UMC scores 10 out of 10 in our technical rating. 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.
Although UMC has an excellent technical rating, it does not offer a high 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.
7.29
We found 5 important support areas.
We can see 2 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for UMC is neutral. |
| ChartMill Relative Strength | 87.73 | POSITIVE | UMC has a high relative strength, it outperformed 87.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UMC is below 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) | 46.03 | NEUTRAL | The RSI value for UMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests UMC has a negative trend. |
| Stochastics (14,3) | 23.26 | NEUTRAL | The Stochastics value for UMC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for UMC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.26 | NEGATIVE | The low ADX value for UMC suggests a weak or negative trend. |
9.88
-0.02 (-0.2%)
ChartMill assigns a technical rating of 10 / 10 to UMC.
The current trend direction for UNITED MICROELECTRON-SP ADR (UMC) is Bullish.
UNITED MICROELECTRON-SP ADR (UMC) has an RSI value of 46.0317. This indicates that the stock is currently neutral.
The MACD indicator for UNITED MICROELECTRON-SP ADR (UMC) has a value of -0.100036, indicating a bearish trend.