UNIVERSAL INSURANCE HOLDINGS (UVE) Technical Analysis
NYSE:UVE • US91359V1070
Taking everything into account, UVE scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that UVE is one of the better performing stocks in the market, outperforming 86% of all 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 97% of 149 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 30.22 - 36.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, UVE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
27.28
4 important support areas can be observed.
- A support zone ranging from 30.37 to 30.56. 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 @27.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.12 to 35.19. 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 | 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 | 86.3 | POSITIVE | UVE has a high relative strength, it outperformed 86.3% 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) | 54.06 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests UVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.71 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.8 | POSITIVE | The high ADX value value for UVE suggests a strong trend. |
UVE Technicals: Chart, Performance Metrics, Trend & Indicators
33.89
-0.39 (-1.14%)
UNIVERSAL INSURANCE HOLDINGS / UVE FAQ
Can you provide the ChartMill technical rating for UNIVERSAL INSURANCE HOLDINGS?
ChartMill assigns a technical rating of 10 / 10 to UVE.
What is the trend direction for UVE stock?
The current trend direction for UNIVERSAL INSURANCE HOLDINGS (UVE) is Bullish.
Can you provide the RSI signal for UNIVERSAL INSURANCE HOLDINGS?
UNIVERSAL INSURANCE HOLDINGS (UVE) has an RSI value of 54.0619. This indicates that the stock is currently neutral.
What is the buy/sell signal for UNIVERSAL INSURANCE HOLDINGS (UVE) stock?
The buy/sell signal for UNIVERSAL INSURANCE HOLDINGS (UVE) is buy as both the short term and long term trends are positive.
What is the support and resistance level for UVE stock?
UNIVERSAL INSURANCE HOLDINGS (UVE) has a support level at 30.56 and a resistance level at 35.12. Check the full technical report for our detailed analysis of UVE support and resistance levels.