UNIVERSAL INSURANCE HOLDINGS (UVE) Stock Technical Analysis
NYSE:UVE - New York Stock Exchange, Inc. - US91359V1070 - Common Stock - Currency: USD
Taking everything into account, UVE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, UVE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, UVE did better than 88% 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 90% of 144 stocks in the same industry.
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 26.06 - 28.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UVE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 26.69, a Stop Loss order could be placed below this zone.
More info and screens
18.82
27.09
5 important support areas can be observed.
- A support zone ranging from 26.19 to 26.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.14 from a trend line in the daily time frame.
- Support @21.26 from a trend line in the weekly time frame.
- Support @20.40 from a trend line in the weekly time frame.
- A support zone ranging from 19.01 to 19.24. This zone is formed by a combination of multiple trend lines 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 | 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 | 88.91 | POSITIVE | UVE has a high relative strength, it outperformed 88.91% 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) | 52.88 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests UVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.48 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.53 | 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)
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 |
|---|---|---|---|
| 27.74 | 26.18 | 1.56 (5.62%) | 17.78% |
| An entry @27.74. This is a Buy Stop order right above the 10 day high. | An exit @26.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.56 points, which is 5.62%. | When investing 17.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
26.82
-0.65 (-2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-2.37%
1 Week1.78%
2 Weeks0.98%
1 Month-0.15%
3 Month14.91%
6 Month30.07%
12 Month42.96%
2 Year73.82%
3 Year105.83%
5 Year51.1%
10 Year10.83%
15 Year541.63%
Volatility
ATR(14)0.67
ATR(20)%2.6%
ATR Inc-6.46%
Range Today0.73
ADR(20)0.67
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.91
Mansfield1.67
10 Day High27.73
10 Day Low26.06
20 Day High28.49
20 Day Low26.06
52 Week High28.49
52 Week Low16.5
CS1 End26.69
CR1 StartN/A
Volume & EV
DER(3)-3.74%
DER(5)-2.39%
Volume178.80K
Volume Incr5.51%
Vol(5)222.12K
Vol(50)238.94K