UONEK Technical Analysis - URBAN ONE INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to UONEK. UONEK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

82% of all other stocks performed better in the past year than UONEK.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

UONEK is an average performer in the Media industry, it outperforms 50% of 99 stocks in the same industry.

UONEK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UONEK is lagging the market.

In the last month UONEK has a been trading in the 0.65 - 1.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

URBAN ONE INC / UONEK Weekly stock chart

Setup Rating and Analysis

UONEK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.65

0.95

When analyzing the support we can see 2 important areas.

A support zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.66 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @0.94 from a trend line in the daily time frame.

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Support and Resistance indicators

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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 UONEK is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for UONEK is neutral.
ChartMill Relative Strength	18.67	NEGATIVE	UONEK has a low relative strength, it was outperformed by 81.33% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of UONEK is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of UONEK is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of UONEK is above a declining SMA(200).
Relative Strength Index/RSI (14)	48.28	NEUTRAL	The RSI value for UONEK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests UONEK has a negative trend.
Stochastics (14,3)	37.71	NEUTRAL	The Stochastics value for UONEK is a neutral value.
Average True Range in percent/ATR (20)	13.09	HIGH VOLATILITY	The high ATR as a percentage value for UONEK suggests high volalility.
Average Directional Index/ADX (14)	37.9	POSITIVE	The high ADX value value for UONEK suggests a strong trend.