Taking everything into account, UNTY scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, UNTY also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 52.10, a Stop Loss order could be placed below this zone.
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44.71
4 important support areas can be observed.
- A support zone ranging from 50.65 to 52.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.14 from a trend line in the weekly time frame.
- A support zone ranging from 46.48 to 47.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.16 to 45.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @56.36 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 | UP | POSITIVE | The long term trend for UNTY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UNTY is neutral. |
| ChartMill Relative Strength | 81.7 | POSITIVE | UNTY has a high relative strength, it outperformed 81.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UNTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UNTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UNTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.7 | NEUTRAL | The RSI value for UNTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests UNTY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.61 | NEUTRAL | The Stochastics value for UNTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for UNTY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for UNTY suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 56.37 | 50.64 | 5.73 (10.16%) | 9.84% |
| An entry @56.37. This is a Buy Stop order right above the resistance zone. | An exit @50.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.73 points, which is 10.16%. | When investing 9.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
52.78
-0.31 (-0.58%)
UNITY BANCORP INC / UNTY FAQ
What is the ChartMill technical rating of UNITY BANCORP INC (UNTY) stock?
ChartMill assigns a technical rating of 7 / 10 to UNTY.
Can you provide the trend direction for UNITY BANCORP INC?
The current trend direction for UNITY BANCORP INC (UNTY) is Bullish.
Can you provide the RSI signal for UNITY BANCORP INC?
UNITY BANCORP INC (UNTY) has an RSI value of 52.6956. This indicates that the stock is currently neutral.
What is the MACD signal for UNITY BANCORP INC (UNTY) stock?
The MACD indicator for UNITY BANCORP INC (UNTY) has a value of -0.270494, indicating a bearish trend.
What are the support and resistance levels for UNITY BANCORP INC (UNTY) stock?
UNITY BANCORP INC (UNTY) has a support level at 52.1 and a resistance level at 56.36. Check the full technical report for our detailed analysis of UNTY support and resistance levels.