UNITI GROUP INC (UNIT) Stock Technical Analysis
NASDAQ:UNIT - Nasdaq - US91325V1089 - REIT - Currency: USD
Overall UNIT gets a technical rating of 2 out of 10. UNIT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, UNIT is a bad performer in the overall market: 79% of all stocks are doing better.
UNIT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month UNIT has a been trading in the 7.53 - 11.73 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
UNIT has an average volume of 2235230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
UNIT is an average performer in the Specialized REITs industry, it outperforms 48% of 30 stocks in the same industry.
The technical rating of UNIT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.00
12.16
We found 1 important support area.
- A support zone ranging from 8.08 to 8.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.58 to 11.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.04 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 | NEUTRAL | NEUTRAL | The long term trend for UNIT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UNIT is neutral. |
| ChartMill Relative Strength | 21.57 | NEGATIVE | UNIT has a low relative strength, it was outperformed by 78.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UNIT is below 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) | 32.54 | NEUTRAL | The RSI value for UNIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests UNIT has a negative trend. |
| Stochastics (14,3) | 34.05 | NEUTRAL | The Stochastics value for UNIT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for UNIT suggests high volalility. |
| Average Directional Index/ADX (14) | 39.35 | POSITIVE | The high ADX value value for UNIT suggests a strong 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)
8.09
-1.73 (-17.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-17.62%
1 Week-29.04%
2 Weeks-23.39%
1 Month-4.37%
3 Month-10.51%
6 Month-24.81%
12 Month-1.82%
2 Year-24.67%
3 Year-56.92%
5 Year-58.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%7.24%
ATR Inc199.74%
Range Today0.82
ADR(20)0.5
ADR(20)%6.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.57
Mansfield-2.67
10 Day High11.73
10 Day Low7.53
20 Day High11.73
20 Day Low7.53
52 Week High12.62
52 Week Low7.53
CS1 End8.08
CR1 Start11.58
Volume & EV
DER(3)-1.1%
DER(5)-0.35%
Volume2.17M
Volume Incr16.32%
Vol(5)3.09M
Vol(50)2.24M