UNITI GROUP INC (UNIT) Stock Technical Analysis
NASDAQ:UNIT - Nasdaq - US91325V1089 - REIT - Currency: USD
We assign a technical rating of 2 out of 10 to UNIT. Although UNIT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
UNIT is part of the Specialized REITs industry. There are 30 other stocks in this industry. UNIT outperforms 93% of them.
UNIT has an average volume of 1938340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that UNIT 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 10 months ago.
UNIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UNIT is lagging the market.
In the last month UNIT has a been trading in the 4.00 - 4.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of UNIT 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.
More info and screens
4.00
6.08
When analyzing the support we notice one important area.
- A support zone ranging from 4.04 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 4.40 to 4.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.01 from a horizontal line in the daily time frame.
- Resistance @5.57 from a trend line in the daily time frame.
- Resistance @5.72 from a trend line in the weekly time frame.
- Resistance @6.02 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for UNIT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UNIT is neutral. |
| ChartMill Relative Strength | 80.51 | POSITIVE | UNIT has a high relative strength, it outperformed 80.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UNIT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UNIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UNIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.48 | 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. |
| Stochastics (14,3) | 73.27 | NEUTRAL | The Stochastics value for UNIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for UNIT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.36 | NEGATIVE | The low ADX value for UNIT suggests a weak or negative 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)
4.39
-0.01 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-0.23%
1 Week5.28%
2 Weeks8.4%
1 Month-0.9%
3 Month-5.59%
6 Month-19.89%
12 Month58.48%
2 Year-21.33%
3 Year-55.97%
5 Year-55.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%3.29%
ATR Inc31.79%
Range Today0.13
ADR(20)0.14
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.51
Mansfield-1.85
10 Day High4.54
10 Day Low4
20 Day High4.54
20 Day Low4
52 Week High6.31
52 Week Low2.81
CS1 End4.07
CR1 Start4.26
Volume & EV
DER(3)3.21%
DER(5)3.22%
Volume2.35M
Volume Incr28.1%
Vol(5)2.11M
Vol(50)1.94M