UNIVERSAL INSURANCE HOLDINGS (UVE) Technical Analysis
NYSE:UVE • US91359V1070
Current stock price
UVE Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to UVE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UVE is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, UVE did better than 85% of all other stocks. On top of that, UVE also shows a nice and consistent pattern of rising prices.
- UVE is part of the Insurance industry. There are 148 other stocks in this industry. UVE outperforms 95% of them.
- UVE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UVE is lagging the market slightly.
- In the last month UVE has a been trading in the 32.07 - 35.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UVE Weekly and Daily overview Charts
UVE Setup Rating and Analysis
Besides having an excellent technical rating, UVE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 33.28, a Stop Loss order could be placed below this zone.
More info and screens
UVE Support and Resistance Analysis
27.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 33.12 to 33.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.43 to 32.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 31.41 to 31.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.64 from a horizontal line in the daily time frame.
- Support @28.26 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @35.19 from a horizontal line in the weekly time frame.
UVE Technical Indicator Signal Analysis
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 UVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UVE is up. |
| ChartMill Relative Strength | 85.03 | POSITIVE | UVE has a high relative strength, it outperformed 85.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.5 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests UVE has a positive trend. |
| Stochastics (14,3) | 78.66 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.1 | NEGATIVE | The low ADX value for UVE suggests a weak or negative trend. |
UVE Chart- and CandleStick Pattern Analysis
UVE Example Setup
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 |
|---|---|---|---|
| 35.20 | 33.11 | 2.09 (5.94%) | 16.84% |
| An entry @35.20. This is a Buy Stop order right above the resistance zone. | An exit @33.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.09 points, which is 5.94%. | For a 1.00% total portfolio risk, you can invest 16.84% of your capital in this trade. |
- 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.
UVE Technicals: Chart, Performance Metrics, Trend & Indicators
34.92
+0.53 (+1.54%)
UNIVERSAL INSURANCE HOLDINGS / UVE TA FAQ
Can you provide the ChartMill technical rating for UNIVERSAL INSURANCE HOLDINGS?
ChartMill assigns a technical rating of 10 / 10 to UVE.
Can you provide the trend direction for UNIVERSAL INSURANCE HOLDINGS?
The current trend direction for UNIVERSAL INSURANCE HOLDINGS (UVE) is Bullish.
What is the RSI signal for UVE stock?
UNIVERSAL INSURANCE HOLDINGS (UVE) has an RSI value of 56.5049. This indicates that the stock is currently neutral.
What is the short term momentum for UVE stock?
The short term momentum for UNIVERSAL INSURANCE HOLDINGS (UVE) is positive.
What is the buy/sell signal for UVE stock?
The buy/sell signal for UNIVERSAL INSURANCE HOLDINGS (UVE) is buy as both the short term and long term trends are positive.