UNITY BANCORP INC (UNTY) Stock Technical Analysis
NASDAQ:UNTY - Nasdaq - US9132901029 - Common Stock - Currency: USD
Overall UNTY gets a technical rating of 6 out of 10. Although UNTY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, UNTY did better than 91% of all other 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 87% of 398 stocks in the same industry.
In the last month UNTY has a been trading in the 36.65 - 43.99 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
UNTY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
UNTY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 43.04. Right above this resistance zone may be a good entry point.
More info and screens
29.49
47.63
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.81 to 42.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.68 to 39.97. 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 @29.79 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.04 to 43.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.16 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.33
Mansfield1.33
10 Day High43.99
10 Day Low40.34
20 Day High43.99
20 Day Low36.65
52 Week High51.22
52 Week Low25.6
Performance
1 Week3.79%
2 Weeks4.14%
1 Month9.46%
3 Month-11%
6 Month11.53%
12 Month55.34%
2 Year89.14%
3 Year48.38%
5 Year200.7%
10 Year366.7%
15 Year685.22%
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)
Technical Indicators
MACD(12,26,9)0.3
RSI(14)57.99
LBB40
UBB43.01
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 |
|---|---|---|---|
| 43.05 | 41.80 | 1.25 (2.90%) | 25.00% |
| An entry @43.05. This is a Buy Stop order right above the resistance zone. | An exit @41.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.25 points, which is 2.90%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of UNTY. Please evaluate whether better entry and exit points can be found.
- 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.
43.03
+1.24 (+2.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.97%
1 Week3.79%
2 Weeks4.14%
1 Month9.46%
3 Month-11%
6 Month11.53%
12 Month55.34%
2 Year89.14%
3 Year48.38%
5 Year200.7%
10 Year366.7%
15 Year685.22%
Volatility
ATR(14)1.57
ATR(20)%4.42%
ATR Inc11.59%
Range Today1.47
ADR(20)1.84
ADR(20)%4.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.33
Mansfield1.33
10 Day High43.99
10 Day Low40.34
20 Day High43.99
20 Day Low36.65
52 Week High51.22
52 Week Low25.6
CS1 End42.51
CR1 Start43.04
Volume & EV
DER(3)-2.25%
DER(5)-2.39%
Volume18.10K
Volume Incr-27.02%
Vol(5)25.60K
Vol(50)35.07K