UMICORE (UMI.BR)

BE0974320526 - Common Stock

26.47  +0.47 (+1.81%)

Technical Rating

0

Taking everything into account, UMI scores 0 out of 10 in our technical rating. UMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
93% of all other stocks performed better in the past year than UMI.
UMI is one of the lesser performing stocks in the Chemicals industry. 81% of 31 stocks in the same industry do better.
UMI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so UMI is lagging the market.
In the last month UMI has a been trading in the 25.51 - 29.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -8.93% -19.73% -26.80% -36.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 7.95 25.51 - 41.71
UMI Weekly chart
UMI Daily chart

Support/Resistance Analysis


26.21

36.51
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 28.81 to 29.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @31.51 from a trend line in the weekly time frame.
  • Resistance @32.38 from a horizontal line in the daily time frame.
  • Resistance @36.15 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

2

The technical rating of UMI 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.


UMI Daily chart

UMICORE

EBR:UMI (6/1/2023, 5:29:59 PM)

26.47

+0.47 (+1.81%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.81%
1 Week-6%
2 Weeks-8.87%
1 Month-8.93%
3 Month-19.73%
6 Month-26.8%
12 Month-36.48%
Volatility
ATR(14)0.66
ATR(20)%2.41%
ATR Inc70.52%
Range Today0.59
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.95
Mansfield-2.44
10 Day High29.26
10 Day Low25.51
20 Day High29.63
20 Day Low25.51
52 Week High41.71
52 Week Low25.51
CS1 EndN/A
CR1 Start28.81
Volume & EV
DER(3)1.93%
DER(5)1.14%
Volume209.84K
Volume Incr30.17%
Vol(5)569.87K
Vol(50)463.14K
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