UNITY BANCORP INC (UNTY) Technical Analysis
NASDAQ:UNTY • US9132901029
Current stock price
UNTY Technical Rating and Analysis
Taking everything into account, UNTY scores 3 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 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, UNTY turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- UNTY is an average performer in the Banks industry, it outperforms 48% of 376 stocks in the same industry.
- In the last month UNTY has a been trading in the 50.29 - 57.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UNTY Weekly and Daily overview Charts
UNTY Setup Rating and Analysis
The technical rating of UNTY 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
UNTY Support and Resistance Analysis
46.02
3 important support areas can be observed.
- A support zone ranging from 50.39 to 50.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.29 from a trend line in the weekly time frame.
- Support @46.48 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 52.67 to 53.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 56.21 to 56.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
UNTY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for UNTY is neutral. |
| ChartMill Relative Strength | 63.79 | 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) | UP | POSITIVE | The current price of UNTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.68 | NEUTRAL | The RSI value for UNTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests UNTY has a negative trend. |
| Stochastics (14,3) | 37.44 | NEUTRAL | The Stochastics value for UNTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for UNTY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for UNTY suggests a weak or negative trend. |
UNTY Chart- and CandleStick Pattern Analysis
UNTY Technicals: Chart, Performance Metrics, Trend & Indicators
52.44
-0.23 (-0.43%)
UNITY BANCORP INC / UNTY TA FAQ
What is the ChartMill technical rating of UNITY BANCORP INC (UNTY) stock?
ChartMill assigns a technical rating of 3 / 10 to UNTY.
Can you provide the trend direction for UNITY BANCORP INC?
The current trend direction for UNITY BANCORP INC (UNTY) is Bearish.
What is the RSI signal for UNTY stock?
UNITY BANCORP INC (UNTY) has an RSI value of 45.6842. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UNITY BANCORP INC?
The MACD indicator for UNITY BANCORP INC (UNTY) has a value of -0.207162, indicating a bearish trend.
What is the support and resistance level for UNTY stock?
UNITY BANCORP INC (UNTY) has a support level at 50.66 and a resistance level at 52.67. Check the full technical report for our detailed analysis of UNTY support and resistance levels.