United Technologies Corp (UTX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:UTX
We assign a technical rating of 0 out of 10 to UTX. UTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 77% of all other stocks performed better in the past year than UTX.
- 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. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
85.15
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. |
86.01
-5.36 (-5.87%)
United Technologies Corp / UTX FAQ
What is the ChartMill technical rating of United Technologies Corp (UTX) stock?
ChartMill assigns a technical rating of 0 / 10 to UTX.
Can you provide the trend direction for United Technologies Corp?
The current trend direction for United Technologies Corp (UTX) is Bearish.
What is the RSI signal for United Technologies Corp (UTX) stock?
United Technologies Corp (UTX) has an RSI value of 36.3115. This indicates that the stock is currently neutral.
What is the MACD signal for United Technologies Corp (UTX) stock?
The MACD indicator for United Technologies Corp (UTX) has a value of 1.60426, indicating a bullish trend.
What are the support and resistance levels for United Technologies Corp (UTX) stock?
United Technologies Corp (UTX) has a resistance level at 93.89. Check the full technical report for our detailed analysis of UTX support and resistance levels.