UNIVERSAL INSURANCE HOLDINGS (UVE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UVE - US91359V1070 - Common Stock
Overall UVE gets a technical rating of 10 out of 10. 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.
UVE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 32.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.64
We found 5 important support areas.
- A support zone ranging from 31.81 to 32.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.82 to 31.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.05 from a trend line in the daily time frame.
- Support @25.88 from a trend line in the weekly time frame.
- Support @21.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @34.99 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 | 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 | 92.62 | POSITIVE | UVE has a high relative strength, it outperformed 92.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of UVE is above 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) | 57.42 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.7 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for UVE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 33.67 | 31.80 | 1.87 (5.55%) | 18.01% |
| An entry @33.67. This is a Buy Stop order right above the 10 day high. | An exit @31.80. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.87 points, which is 5.55%. | When investing 18.01% 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.
33.19
+0.32 (+0.97%)
UNIVERSAL INSURANCE HOLDINGS / UVE FAQ
What is the technical rating for UVE stock?
ChartMill assigns a technical rating of 10 / 10 to UVE.
What is the current trend direction of UNIVERSAL INSURANCE HOLDINGS (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 57.4201. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UNIVERSAL INSURANCE HOLDINGS?
The MACD indicator for UNIVERSAL INSURANCE HOLDINGS (UVE) has a value of -0.0523042, indicating a bearish trend.
What is the short term momentum for UNIVERSAL INSURANCE HOLDINGS (UVE) stock?
The short term momentum for UNIVERSAL INSURANCE HOLDINGS (UVE) is positive.