UNITY BANCORP INC (UNTY) Stock Technical Analysis
NASDAQ:UNTY - Nasdaq - US9132901029 - Common Stock - Currency: USD
Overall UNTY gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UNTY is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that UNTY is one of the better performing stocks in the market, outperforming 90% of all stocks.
UNTY is one of the better performing stocks in the Banks industry, it outperforms 90% of 395 stocks in the same industry.
UNTY 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 UNTY is performing more or less in line with the market.
In the last month UNTY has a been trading in the 41.08 - 46.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, UNTY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.73. Right above this resistance zone may be a good entry point.
More info and screens
29.75
47.63
3 important support areas can be observed.
- A support zone ranging from 40.46 to 40.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.72 to 38.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.05 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 44.73 to 45.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @47.16 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 | 90.82 | POSITIVE | UNTY has a high relative strength, it outperformed 90.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNTY is above the rising 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) | 49.47 | NEUTRAL | The RSI value for UNTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests UNTY has a negative trend. |
| Stochastics (14,3) | 27.28 | NEUTRAL | The Stochastics value for UNTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for UNTY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for UNTY suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 45.56 | 42.37 | 3.19 (7.00%) | 14.28% |
| An entry @45.56. This is a Buy Stop order right above the resistance zone. | An exit @42.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.19 points, which is 7.00%. | When investing 14.28% 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.
NASDAQ:UNTY (5/27/2025, 2:28:20 PM)
44.59
+1.23 (+2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.84%
1 Week-3.88%
2 Weeks-0.18%
1 Month4.58%
3 Month-8.02%
6 Month-6.97%
12 Month55.52%
2 Year90.59%
3 Year49.52%
5 Year203.01%
10 Year370.28%
15 Year691.24%
Volatility
ATR(14)1.37
ATR(20)%3%
ATR Inc-15%
Range Today1.62
ADR(20)1.22
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.82
Mansfield0.96
10 Day High46.02
10 Day Low42.38
20 Day High46.02
20 Day Low41.08
52 Week High51.22
52 Week Low25.6
CS1 End40.89
CR1 Start44.73
Volume & EV
DER(3)-1.58%
DER(5)-1.39%
Volume46.80K
Volume Incr-4.02%
Vol(5)32.98K
Vol(50)35.22K