U S Concrete Inc (USCR) Stock Technical Analysis
NASDAQ:USCR - Nasdaq -
Taking everything into account, USCR scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, USCR did better than 94% of all other stocks. We also observe that the gains produced by USCR over the past year are nicely spread over this period.
USCR is part of the Construction Materials industry. There are 13 other stocks in this industry. USCR outperforms 100% of them.
USCR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month USCR has a been trading in a tight range between 71.75 and 74.01.
Although USCR has an excellent technical rating, the quality of the presented setup is not ideal 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
52.71
76.45
5 important support areas can be observed.
- A support zone ranging from 70.90 to 73.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.47 from a trend line in the weekly time frame.
- Support @65.00 from a trend line in the daily time frame.
- Support @55.08 from a horizontal line in the daily time frame.
- Support @53.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 74.57 to 75.69. 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 USCR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USCR is neutral. |
| ChartMill Relative Strength | 94.64 | POSITIVE | USCR has a high relative strength, it outperformed 94.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of USCR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.25 | NEUTRAL | The RSI value for USCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests USCR has a positive trend. |
| Stochastics (14,3) | 74.64 | NEUTRAL | The Stochastics value for USCR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for USCR suggests low volalility. |
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)
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 |
|---|---|---|---|
| 74.02 | 71.74 | 2.28 (3.08%) | 25.00% |
| An entry @74.02. This is a Buy Stop order right above the 10 day high. | An exit @71.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.28 points, which is 3.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- 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.
73.99
-0.01 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg-0.01%
1 Week2.45%
2 Weeks0.58%
1 Month1.45%
3 Month29.83%
6 Month43.78%
12 Month165.58%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%0.83%
ATR Inc51.99%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.64
Mansfield2.41
10 Day High74.01
10 Day Low71.75
20 Day High74.01
20 Day Low71.75
52 Week High78.99
52 Week Low25.12
CS1 End73.44
CR1 Start74.57
Volume & EV
DER(3)4.08%
DER(5)3.87%
Volume573.70K
Volume Incr64.95%
Vol(5)419.82K
Vol(50)341.20K