UNIVERSAL INSURANCE HOLDINGS (UVE) Stock Technical Analysis
NYSE:UVE - US91359V1070 - Common Stock
24.39 USD
+0.09 (+0.37%)
24.39 USD
0 (0%)
Taking everything into account, UVE scores 3 out of 10 in our technical rating. UVE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month UVE has a been trading in the 22.87 - 25.00 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, UVE outperforms 42% of them, which is more or less in line with the market.
UVE is an average performer in the Insurance industry, it outperforms 59% of 143 stocks in the same industry.
UVE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UVE is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, UVE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.32, a Stop Loss order could be placed below this zone.
More info and screens
20.72
25.02
We found 3 important support areas.
- A support zone ranging from 23.63 to 24.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.93 to 22.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.41 to 24.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for UVE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UVE is neutral. |
| ChartMill Relative Strength | 42.18 | NEUTRAL | UVE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of UVE is below a declining 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) | 51.21 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests UVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.85 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for UVE suggests low volalility. |
| Average Directional Index/ADX (14) | 17.23 | NEGATIVE | The low ADX value for UVE suggests a weak or negative trend. |
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)
24.39
+0.09 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.37%
1 Week-0.81%
2 Weeks3.35%
1 Month6.04%
3 Month-10.13%
6 Month9.96%
12 Month14.03%
2 Year92.65%
3 Year104.27%
5 Year31.48%
10 Year-0.97%
15 Year486.3%
Volatility
ATR(14)0.47
ATR(20)%1.95%
ATR Inc-29.71%
Range Today0.24
ADR(20)0.46
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.18
Mansfield-0.13
10 Day High25
10 Day Low23.32
20 Day High25
20 Day Low22.87
52 Week High28.49
52 Week Low16.5
CS1 End24.32
CR1 Start24.41
Volume & EV
DER(3)2.51%
DER(5)1.56%
Volume198.00K
Volume Incr-32.1%
Vol(5)141.44K
Vol(50)250.97K