Taking everything into account, USAP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, USAP has proven to be a steady performer, scoring decent points in every aspect analyzed.
USAP has an excellent technical rating, but the quality of the setup is only medium 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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38.54
2 important support areas can be observed.
- A support zone ranging from 43.60 to 44.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.00 to 45.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for USAP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USAP is up. |
| ChartMill Relative Strength | 94.35 | POSITIVE | USAP has a high relative strength, it outperformed 94.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USAP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.16 | NEUTRAL | The RSI value for USAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests USAP has a positive trend. |
| Stochastics (14,3) | 85.23 | OVERBOUGHT | The high Stochastics value suggests USAP may be overbought. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for USAP suggests low volalility. |
| Average Directional Index/ADX (14) | 23.47 | NEUTRAL | The ADX value for USAP suggests a possible start of a new trend. |
44.99
+0.41 (+0.92%)
UNIVERSAL STAINLESS & ALLOY / USAP FAQ
What is the ChartMill technical rating of UNIVERSAL STAINLESS & ALLOY (USAP) stock?
ChartMill assigns a technical rating of 10 / 10 to USAP.
What is the current trend direction of UNIVERSAL STAINLESS & ALLOY (USAP) stock?
The current trend direction for UNIVERSAL STAINLESS & ALLOY (USAP) is Bullish.
What is the RSI signal for UNIVERSAL STAINLESS & ALLOY (USAP) stock?
UNIVERSAL STAINLESS & ALLOY (USAP) has an RSI value of 69.1592. This indicates that the stock is currently neutral.
What is the short term momentum for UNIVERSAL STAINLESS & ALLOY (USAP) stock?
The short term momentum for UNIVERSAL STAINLESS & ALLOY (USAP) is positive.
What is the support and resistance level for USAP stock?
UNIVERSAL STAINLESS & ALLOY (USAP) has a support level at 44.48 and a resistance level at 45. Check the full technical report for our detailed analysis of USAP support and resistance levels.