United Technologies Corp (UTX) Stock Technical Analysis
NYSE:UTX - New York Stock Exchange, Inc. -
Overall UTX gets a technical rating of 0 out of 10. UTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UTX is a bad performer in the overall market: 77% of all stocks are doing better.
UTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
UTX has an average volume of 8433210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month UTX has a been trading in the 69.02 - 127.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UTX has a bad 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.
More info and screens
85.15
118.23
When analyzing the resistance we notice 3 important areas.
- Resistance @93.89 from a trend line in the daily time frame.
- A resistance zone ranging from 96.80 to 98.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @117.06 from a trend line in the daily time frame.
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 UTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UTX is down. |
| ChartMill Relative Strength | 23.36 | NEGATIVE | UTX has a low relative strength, it was outperformed by 76.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.31 | NEUTRAL | The RSI value for UTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.6 | POSITIVE | The MACD value suggests UTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.8 | NEUTRAL | The Stochastics value for UTX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.04 | HIGH VOLATILITY | The high ATR as a percentage value for UTX suggests high 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)
86.01
-5.36 (-5.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.87%
1 Week-17.8%
2 Weeks2.69%
1 Month-31.98%
3 Month-43.91%
6 Month-35.43%
12 Month-35.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)11.09
ATR(20)%13.04%
ATR Inc-46.06%
Range Today7.14
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
CRS23.36
Mansfield-2.45
10 Day High104.99
10 Day Low72.3
20 Day High127.13
20 Day Low69.02
52 Week High158.44
52 Week Low69.02
CS1 EndN/A
CR1 Start93.89
Volume & EV
DER(3)-2.6%
DER(5)-1.97%
Volume13.20M
Volume Incr-19.22%
Vol(5)10.12M
Vol(50)8.43M