UNITI GROUP INC (UNIT) Stock Technical Analysis
NASDAQ:UNIT • US9129321009
Taking everything into account, UNIT scores 2 out of 10 in our technical rating. UNIT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, UNIT is a bad performer in the overall market: 73% of all stocks are doing better.
- UNIT is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 77% of 37 stocks in the same industry do better.
- In the last month UNIT has a been trading in the 7.17 - 8.62 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.
- UNIT has an average volume of 2204570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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.
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
5.89
When analyzing the support we can see 2 important areas.
- 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 @5.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.54 from a trend line in the daily time frame.
- Resistance @9.16 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for UNIT is down. |
| ChartMill Relative Strength | 27.33 | NEGATIVE | UNIT has a low relative strength, it was outperformed by 72.67% 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 | MIXED | The current price of UNIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.18 | NEUTRAL | The RSI value for UNIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests UNIT has a negative trend. |
| Stochastics (14,3) | 7.36 | OVERSOLD | The low Stochastics value suggests UNIT may be oversold. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for UNIT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.53 | NEUTRAL | The ADX value for UNIT suggests a possible start of a new trend. |
7.32
-0.17 (-2.27%)
UNITI GROUP INC / UNIT FAQ
What is the technical rating for UNIT stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
What is the RSI signal for UNIT stock?
UNITI GROUP INC (UNIT) has an RSI value of 39.1763. 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 -0.128225, indicating a bearish trend.
What is the short term momentum for UNIT stock?
The short term momentum for UNITI GROUP INC (UNIT) is negative.