UNIVERSAL INSURANCE HOLDINGS (UVE) Technical Analysis
NYSE:UVE • US91359V1070
Current stock price
33.3 USD
+0.86 (+2.65%)
At close:
33.3 USD
0 (0%)
After Hours:
UVE Technical Rating and Analysis
Taking everything into account, UVE scores 9 out of 10 in our technical rating. In the last year, UVE was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month UVE has a been trading in the 32.07 - 35.39 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, UVE did better than 80% of all other stocks. We also observe that the gains produced by UVE over the past year are nicely spread over this period.
- UVE is one of the better performing stocks in the Insurance industry, it outperforms 95% of 147 stocks in the same industry.
- UVE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UVE is performing more or less in line with the market.
UVE Weekly and Daily overview Charts
UVE Setup Rating and Analysis
Although UVE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
UVE Support and Resistance Analysis
27.70
35.54
When analyzing the support we can see 5 important areas.
- Support @32.16 from a trend line in the daily time frame.
- A support zone ranging from 31.12 to 31.13. 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.
- A support zone ranging from 28.85 to 28.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 33.82 to 34.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for UVE is neutral. |
| ChartMill Relative Strength | 80.97 | POSITIVE | UVE has a high relative strength, it outperformed 80.97% 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) | 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) | 48.04 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests UVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.22 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.53 | NEGATIVE | The low ADX value for UVE suggests a weak or negative trend. |
UVE Chart- and CandleStick Pattern Analysis
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)
UVE Technicals: Chart, Performance Metrics, Trend & Indicators
33.3
+0.86 (+2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.65%
1 Week-2.43%
2 Weeks1.25%
1 Month-5.91%
3 Month5.01%
6 Month17.38%
12 Month49.39%
2 Year70.59%
3 Year115.95%
5 Year138.71%
10 Year89.1%
15 Year515.53%
Volatility
ATR(14)1.02
ATR(20)%3.1%
ATR Inc65.3%
Range Today1.35
ADR(20)0.98
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.97
3 months CRS77.77
6 months CRS86.02
Mansfield1.42
10 Day High35.26
10 Day Low32.07
20 Day High35.39
20 Day Low32.07
52 Week High36.68
52 Week Low20.83
CS1 End32.16
CR1 Start33.82
Volume & EV
DER(3)-2.85%
DER(5)-3.27%
Volume226.30K
Volume Incr-17.6%
Vol(5)184.82K
Vol(50)194.64K
UNIVERSAL INSURANCE HOLDINGS / UVE TA FAQ
Can you provide the ChartMill technical rating for UNIVERSAL INSURANCE HOLDINGS?
ChartMill assigns a technical rating of 9 / 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 48.037. 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 neutral.