UNITI GROUP INC (UNIT) Technical Analysis
NASDAQ:UNIT • US9129321009
Current stock price
UNIT Technical Rating and Analysis
Overall UNIT gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UNIT is only an average performer.
- UNIT is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 61% of 37 stocks in the same industry do better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- UNIT has an average volume of 1934390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, UNIT turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- UNIT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so UNIT is lagging the market slightly.
- In the last month UNIT has a been trading in the 7.09 - 8.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UNIT Weekly and Daily overview Charts
UNIT Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 8.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.67, a Stop Loss order could be placed below this zone.
More info and screens
UNIT Support and Resistance Analysis
5.95
We found 3 important support areas.
- A support zone ranging from 7.61 to 7.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.31 to 7.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.40 to 8.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.58 to 8.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.11 from a trend line in the weekly time frame.
UNIT Technical Indicator Signal Analysis
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 UNIT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UNIT is neutral. |
| ChartMill Relative Strength | 62.35 | NEUTRAL | UNIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UNIT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of UNIT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UNIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.13 | NEUTRAL | The RSI value for UNIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UNIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.84 | NEUTRAL | The Stochastics value for UNIT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for UNIT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for UNIT suggests a weak or negative trend. |
UNIT Chart- and CandleStick Pattern Analysis
UNIT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.42 | 7.60 | 0.82 (9.74%) | 10.27% |
| An entry @8.42. This is a Buy Stop order right above the resistance zone. | An exit @7.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.82 points, which is 9.74%. | For a 1.00% total portfolio risk, you can invest 10.27% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
UNIT Technicals: Chart, Performance Metrics, Trend & Indicators
7.88
+0.03 (+0.38%)
UNITI GROUP INC / UNIT TA FAQ
What is the technical rating for UNIT stock?
ChartMill assigns a technical rating of 6 / 10 to UNIT.
What is the current trend direction of UNITI GROUP INC (UNIT) stock?
The current trend direction for UNITI GROUP INC (UNIT) is Bullish.
What is the RSI signal for UNIT stock?
UNITI GROUP INC (UNIT) has an RSI value of 50.1298. This indicates that the stock is currently neutral.
What is the MACD signal for UNITI GROUP INC (UNIT) stock?
The MACD indicator for UNITI GROUP INC (UNIT) has a value of -0.0118071, indicating a bearish trend.
What is the short term momentum for UNIT stock?
The short term momentum for UNITI GROUP INC (UNIT) is neutral.