UNITI GROUP INC (UNIT) Stock Technical Analysis
NASDAQ:UNIT - US91325V1089 - REIT
6.33 USD
+0.36 (+6.03%)
6.34 USD
+0.01 (+0.16%)
We assign a technical rating of 0 out of 10 to UNIT. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UNIT is a bad performer in the overall market: 86% of all stocks are doing better.
UNIT is one of the lesser performing stocks in the Specialized REITs industry. 82% of 30 stocks in the same industry do 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 5.89 - 9.62 range, which is quite wide. It is currently trading near the lows of this range.
UNIT has an average volume of 2544760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
6.26
10.09
When analyzing the support we notice one important area.
- Support @6.32 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.34 to 6.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.55 to 9.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.99 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 | DOWN | NEGATIVE | The short term trend for UNIT is down. |
| ChartMill Relative Strength | 14.08 | NEGATIVE | UNIT has a low relative strength, it was outperformed by 85.92% 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) | 36.28 | NEUTRAL | The RSI value for UNIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests UNIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.77 | OVERSOLD | The low Stochastics value suggests UNIT may be oversold. |
| Average True Range in percent/ATR (20) | 7.35 | HIGH VOLATILITY | The high ATR as a percentage value for UNIT suggests high volalility. |
| Average Directional Index/ADX (14) | 41.21 | 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)
6.33
+0.36 (+6.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg6.03%
1 Week-0.63%
2 Weeks-0.31%
1 Month-34.2%
3 Month-9.13%
6 Month-32.09%
12 Month-15%
2 Year-28.93%
3 Year-59.36%
5 Year-61.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%7.35%
ATR Inc-27.86%
Range Today0.55
ADR(20)0.44
ADR(20)%7.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.08
Mansfield-3.18
10 Day High6.94
10 Day Low5.89
20 Day High9.62
20 Day Low5.89
52 Week High10.47
52 Week Low5.89
CS1 End6.32
CR1 Start6.34
Volume & EV
DER(3)2.03%
DER(5)1.89%
Volume1.73M
Volume Incr-35.51%
Vol(5)2.11M
Vol(50)2.54M