We assign a technical rating of 5 out of 10 to UNIT. Recently some decent action could be observed, but in the medium term time frame this is still negative. UNIT was also a bad performer in the overall market in the last year.
UNIT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 7.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.11, a Stop Loss order could be placed below this zone.
More info and screens
5.70
3 important support areas can be observed.
- A support zone ranging from 7.08 to 7.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.23 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.76 to 5.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.35 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.25 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 | NEUTRAL | NEUTRAL | The long term trend for UNIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UNIT is up. |
| ChartMill Relative Strength | 25.95 | NEGATIVE | UNIT has a low relative strength, it was outperformed by 74.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UNIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UNIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.26 | NEUTRAL | The RSI value for UNIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests UNIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.06 | NEUTRAL | The Stochastics value for UNIT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for UNIT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.25 | POSITIVE | The high ADX value value for UNIT suggests a strong trend. |
7.12
-0.08 (-1.11%)
UNITI GROUP INC / UNIT FAQ
What is the technical rating for UNIT stock?
ChartMill assigns a technical rating of 5 / 10 to UNIT.
What is the trend direction for UNIT stock?
The current trend direction for UNITI GROUP INC (UNIT) is Bearish.
What is the RSI signal for UNIT stock?
UNITI GROUP INC (UNIT) has an RSI value of 60.2632. This indicates that the stock is currently neutral.
Can you provide the short term momentum for UNITI GROUP INC?
The short term momentum for UNITI GROUP INC (UNIT) is positive.