UNIVERSAL INSURANCE HOLDINGS (UVE) Stock Technical Analysis
NYSE:UVE - New York Stock Exchange, Inc. - US91359V1070 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to UVE. Although UVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month UVE has a been trading in the 23.42 - 27.90 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, UVE did better than 73% of all other stocks. On top of that, UVE also shows a nice and consistent pattern of rising prices.
UVE is one of the better performing stocks in the Insurance industry, it outperforms 80% of 145 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
The technical rating of UVE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.05
28.57
4 important support areas can be observed.
- Support @22.66 from a trend line in the daily time frame.
- Support @21.45 from a trend line in the weekly time frame.
- Support @20.52 from a trend line in the weekly time frame.
- Support @19.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.81 to 26.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.29 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for UVE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UVE is down. |
| ChartMill Relative Strength | 73.03 | POSITIVE | UVE has a high relative strength, it outperformed 73.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UVE is below a declining 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) | 28.93 | OVERSOLD | The low RSI value suggests UVE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests UVE has a negative trend. |
| Stochastics (14,3) | 4.16 | OVERSOLD | The low Stochastics value suggests UVE may be oversold. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.43 | POSITIVE | The high ADX value value for UVE suggests a strong 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)
23.7
-0.61 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.51%
1 Week-8.67%
2 Weeks-13.19%
1 Month-10.02%
3 Month7.48%
6 Month24.74%
12 Month25.8%
2 Year52.61%
3 Year87.35%
5 Year35.35%
10 Year-13.57%
15 Year492.5%
Volatility
ATR(14)0.73
ATR(20)%2.9%
ATR Inc9.2%
Range Today0.89
ADR(20)0.66
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.03
Mansfield-0.04
10 Day High27.9
10 Day Low23.42
20 Day High27.9
20 Day Low23.42
52 Week High28.49
52 Week Low16.5
CS1 End22.66
CR1 Start25.81
Volume & EV
DER(3)2.6%
DER(5)2.03%
Volume358.80K
Volume Incr23.95%
Vol(5)321.96K
Vol(50)265.55K