UNITY BANCORP INC (UNTY) Stock Technical Analysis
NASDAQ:UNTY - US9132901029 - Common Stock
52.215 USD
+3.64 (+7.48%)
52.215 USD
0 (0%)
Overall UNTY gets a technical rating of 9 out of 10. Both in the recent history as in the last year, UNTY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
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 89% of all stocks. On top of that, UNTY also shows a nice and consistent pattern of rising prices.
UNTY is one of the better performing stocks in the Banks industry, it outperforms 94% of 393 stocks in the same industry.
UNTY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UNTY is lagging the market slightly.
In the last month UNTY has a been trading in the 46.44 - 52.48 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although UNTY has an excellent technical rating, it does not present a decent entry opportunity 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
44.43
54.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.20 to 49.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.48 to 47.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.88 to 44.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @53.99 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 | 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 | 89.16 | POSITIVE | UNTY has a high relative strength, it outperformed 89.16% 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) | 64.82 | NEUTRAL | The RSI value for UNTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests UNTY has a positive trend. |
| Stochastics (14,3) | 73.87 | NEUTRAL | The Stochastics value for UNTY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for UNTY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.93 | NEGATIVE | The low ADX value for UNTY suggests a weak or negative 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)
52.215
+3.64 (+7.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg7.48%
1 Week7.79%
2 Weeks10.79%
1 Month4.12%
3 Month20.42%
6 Month10.77%
12 Month53.98%
2 Year116.08%
3 Year86.28%
5 Year293.19%
10 Year415.45%
15 Year858.07%
Volatility
ATR(14)1.33
ATR(20)%2.48%
ATR Inc114.35%
Range Today3.44
ADR(20)1.25
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.16
Mansfield0.97
10 Day High52.48
10 Day Low47.01
20 Day High52.48
20 Day Low46.44
52 Week High54.64
52 Week Low31.44
CS1 End49.06
CR1 Start53.99
Volume & EV
DER(3)3.05%
DER(5)0.97%
Volume52.90K
Volume Incr-43.26%
Vol(5)31.70K
Vol(50)72.75K