UNIVERSAL INSURANCE HOLDINGS (UVE) Stock Technical Analysis
NYSE:UVE • US91359V1070
We assign a technical rating of 7 out of 10 to UVE. In the last year, UVE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, UVE did better than 81% 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 part of the Insurance industry. There are 149 other stocks in this industry. UVE outperforms 92% of them.
- 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 28.32 - 32.50 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. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 29.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
26.87
3 important support areas can be observed.
- A support zone ranging from 29.75 to 29.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @27.14 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 31.42 to 31.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @34.41 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.98 to 35.08. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for UVE is neutral. |
| ChartMill Relative Strength | 81.82 | POSITIVE | UVE has a high relative strength, it outperformed 81.82% 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) | 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) | 49.68 | NEUTRAL | The RSI value for UVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests UVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.8 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.48 | 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 |
|---|---|---|---|
| 31.88 | 30.50 | 1.38 (4.33%) | 23.10% |
| An entry @31.88. This is a Buy Stop order right above the resistance zone. | An exit @30.50. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.38 points, which is 4.33%. | When investing 23.10% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of UVE. Please evaluate whether better entry and exit points can be found.
- 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.
31.12
-0.13 (-0.42%)
UNIVERSAL INSURANCE HOLDINGS / UVE FAQ
Can you provide the ChartMill technical rating for UNIVERSAL INSURANCE HOLDINGS?
ChartMill assigns a technical rating of 7 / 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 49.6826. This indicates that the stock is currently neutral.
What are the support and resistance levels for UNIVERSAL INSURANCE HOLDINGS (UVE) stock?
UNIVERSAL INSURANCE HOLDINGS (UVE) has a support level at 29.76 and a resistance level at 31.42. Check the full technical report for our detailed analysis of UVE support and resistance levels.