UNITI GROUP INC (UNIT) Technical Analysis
NASDAQ:UNIT • US9129321009
Current stock price
10.33 USD
+0.32 (+3.2%)
At close:
10.3 USD
-0.03 (-0.29%)
After Hours:
UNIT Technical Rating and Analysis
Taking everything into account, UNIT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, UNIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- UNIT is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. UNIT outperforms 72% of them.
- UNIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UNIT is performing more or less in line with the market.
- In the last month UNIT has a been trading in the 7.42 - 11.03 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- UNIT has an average volume of 2165870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, UNIT did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
UNIT Weekly and Daily overview Charts
UNIT Setup Rating and Analysis
Although UNIT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
UNIT Support and Resistance Analysis
5.96
10.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.69 to 7.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.31 from a horizontal line in the daily time frame.
- Support @6.02 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 | UP | POSITIVE | The short term trend for UNIT is up. |
| ChartMill Relative Strength | 87.37 | POSITIVE | UNIT has a high relative strength, it outperformed 87.37% 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) | UP | POSITIVE | The current price of UNIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.08 | OVERBOUGHT | The high RSI value suggests UNIT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests UNIT has a positive trend. |
| Stochastics (14,3) | 83.42 | OVERBOUGHT | The high Stochastics value suggests UNIT may be overbought. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for UNIT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.56 | NEGATIVE | The low ADX value for UNIT suggests a weak or negative trend. |
UNIT Chart- and CandleStick Pattern Analysis
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)
UNIT Technicals: Chart, Performance Metrics, Trend & Indicators
10.33
+0.32 (+3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg3.2%
1 Week31.59%
2 Weeks30.43%
1 Month28.16%
3 Month51.24%
6 Month76.88%
12 Month33.93%
2 Year8.31%
3 Year82.1%
5 Year-45.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%5.2%
ATR Inc160.14%
Range Today0.74
ADR(20)0.5
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.37
3 months CRS97.24
6 months CRS97.31
Mansfield4.03
10 Day High11.03
10 Day Low7.47
20 Day High11.03
20 Day Low7.42
52 Week High11.03
52 Week Low5.3
CS1 End7.76
CR1 StartN/A
Volume & EV
DER(3)3.12%
DER(5)2.84%
Volume3.78M
Volume Incr114.54%
Vol(5)4.40M
Vol(50)2.17M
UNITI GROUP INC / UNIT TA FAQ
What is the technical rating for UNIT stock?
ChartMill assigns a technical rating of 9 / 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 UNITI GROUP INC (UNIT) stock?
UNITI GROUP INC (UNIT) has an RSI value of 76.0775. This indicates that the stock is currently overbought.
Can you provide the MACD signal for UNITI GROUP INC?
The MACD indicator for UNITI GROUP INC (UNIT) has a value of 0.261476, indicating a bearish trend.
What is the buy/sell signal for UNIT stock?
The buy/sell signal for UNITI GROUP INC (UNIT) is buy as both the short term and long term trends are positive.