U S Concrete Inc (USCR) Stock Technical Analysis
USA - NASDAQ:USCR -
Overall USCR gets a technical rating of 8 out of 10. 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.
USCR 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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52.71
When analyzing the support we can see 5 important areas.
- 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.
When analyzing the resistance we notice one important 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. |
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 trade has a worst case loss of 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%)
U S Concrete Inc / USCR FAQ
Can you provide the ChartMill technical rating for U S Concrete Inc?
ChartMill assigns a technical rating of 7 / 10 to USCR.
What is the current trend direction of U S Concrete Inc (USCR) stock?
The current trend direction for U S Concrete Inc (USCR) is Bullish.
Can you provide the RSI signal for U S Concrete Inc?
U S Concrete Inc (USCR) has an RSI value of 62.2512. This indicates that the stock is currently neutral.
Can you provide the MACD signal for U S Concrete Inc?
The MACD indicator for U S Concrete Inc (USCR) has a value of 0.0279474, indicating a bearish trend.
What is the support and resistance level for USCR stock?
U S Concrete Inc (USCR) has a support level at 73.44 and a resistance level at 74.57. Check the full technical report for our detailed analysis of USCR support and resistance levels.