Ultra Msci Mexico Investable Market (UMX) Stock Technical Analysis
NYSEARCA:UMX - NYSE Arca -
Taking everything into account, UMX scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month UMX has a been trading in the 27.38 - 29.60 range, which is quite wide. It is currently trading near the lows of this range.
Warning: UMX has an average volume of 17766 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
UMX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UMX is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that UMX is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
UMX has an average technical rating and it also 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.
More info and screens
23.22
29.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.43 to 27.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.08 from a trend line in the daily time frame.
- Support @23.45 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.19 to 28.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 29.60 to 29.60. 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 UMX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UMX is down. |
| ChartMill Relative Strength | 80.18 | POSITIVE | UMX has a high relative strength, it outperformed 80.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UMX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of UMX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.06 | NEUTRAL | The RSI value for UMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests UMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.65 | OVERSOLD | The low Stochastics value suggests UMX may be oversold. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for UMX suggests some volalility. |
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)
Ultra Msci Mexico Investable Market
NYSEARCA:UMX (9/6/2017, 8:04:03 PM)
28.11
+0.68 (+2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.48%
1 Week-0.9%
2 Weeks-3.96%
1 Month-1.94%
3 Month12.4%
6 Month39.5%
12 Month23.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%2.06%
ATR Inc80.17%
Range Today0.69
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.18
Mansfield1.72
10 Day High29.6
10 Day Low27.43
20 Day High29.6
20 Day Low27.38
52 Week High29.6
52 Week Low15.49
CS1 End27.77
CR1 Start28.19
Volume & EV
DER(3)-24.47%
DER(5)-13.97%
Volume10.50K
Volume Incr70.03%
Vol(5)5.22K
Vol(50)17.77K