UPC Technical Analysis - UNIVERSE PHARMACEUTICALS INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to UPC. Recently some decent action could be observed, but in the medium term time frame this is still negative. UPC was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, UPC is a bad performer in the overall market: 94% of all stocks are doing better.

UPC is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, of which 78% are performing better than UPC.

UPC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month UPC has a been trading in the 3.79 - 6.80 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

UNIVERSE PHARMACEUTICALS INC / UPC Weekly stock chart

UNIVERSE PHARMACEUTICALS INC / UPC Daily stock chart

Setup Rating and Analysis

UPC has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.38

8.66

When analyzing the support we can see 4 important areas.

A support zone ranging from 5.16 to 5.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.59 from a trend line in the daily time frame.
Support @3.48 from a horizontal line in the daily time frame.
Support @3.41 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for UPC is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for UPC is up.
ChartMill Relative Strength	6.94	NEGATIVE	UPC has a low relative strength, it was outperformed by 93.06% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of UPC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of UPC is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of UPC is above a declining SMA(200).
Relative Strength Index/RSI (14)	69.1	NEUTRAL	The RSI value for UPC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests UPC has a positive trend.
Stochastics (14,3)	35.99	NEUTRAL	The Stochastics value for UPC is a neutral value.
Average True Range in percent/ATR (20)	10.11	HIGH VOLATILITY	The high ATR as a percentage value for UPC suggests high volalility.
Average Directional Index/ADX (14)	74.38	POSITIVE	The high ADX value value for UPC suggests a strong trend.