UNITY BANCORP INC (UNTY) Stock Technical Analysis
USA - NASDAQ:UNTY - US9132901029 - Common Stock
Taking everything into account, UNTY scores 2 out of 10 in our technical rating. UNTY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
UNTY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 46.05, a Stop Loss order could be placed below this zone.
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44.71
When analyzing the support we notice one important area.
- A support zone ranging from 45.16 to 46.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @50.23 from a horizontal line in the daily time frame.
- A resistance zone ranging from 52.62 to 52.63. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for UNTY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UNTY is down. |
| ChartMill Relative Strength | 47.38 | NEUTRAL | UNTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of UNTY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UNTY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UNTY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for UNTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests UNTY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.02 | NEUTRAL | The Stochastics value for UNTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for UNTY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for UNTY suggests a weak or negative trend. |
46.63
+1.46 (+3.23%)
UNITY BANCORP INC / UNTY FAQ
What is the ChartMill technical rating of UNITY BANCORP INC (UNTY) stock?
ChartMill assigns a technical rating of 2 / 10 to UNTY.
What is the trend direction for UNTY stock?
The current trend direction for UNITY BANCORP INC (UNTY) is Bearish.
Can you provide the RSI signal for UNITY BANCORP INC?
UNITY BANCORP INC (UNTY) has an RSI value of 46.0038. This indicates that the stock is currently neutral.
What is the short term momentum for UNTY stock?
The short term momentum for UNITY BANCORP INC (UNTY) is negative.
What is the support and resistance level for UNTY stock?
UNITY BANCORP INC (UNTY) has a support level at 46.05 and a resistance level at 50.23. Check the full technical report for our detailed analysis of UNTY support and resistance levels.