UNIVERSAL INSURANCE HOLDINGS (UVE) Stock Technical Analysis
USA - NYSE:UVE - US91359V1070 - Common Stock
32.05 USD
+3.42 (+11.95%)
31.42 USD
-0.63 (-1.97%)
We assign a technical rating of 10 out of 10 to UVE. 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.
When comparing the yearly performance of all stocks, we notice that UVE is one of the better performing stocks in the market, outperforming 92% of all 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 147 other stocks in this industry. UVE outperforms 95% of them.
UVE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month UVE has a been trading in the 25.58 - 32.42 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although UVE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.18
32.37
We found 5 important support areas.
- A support zone ranging from 28.60 to 29.06. 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 27.95 to 28.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.21 to 26.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.75 from a trend line in the weekly time frame.
- Support @21.39 from a trend line in the weekly 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 | 92.28 | POSITIVE | UVE has a high relative strength, it outperformed 92.28% 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) | 73.09 | OVERBOUGHT | The high RSI value suggests UVE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests UVE has a positive trend. |
| Stochastics (14,3) | 57.41 | NEUTRAL | The Stochastics value for UVE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for UVE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.82 | 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)
32.05
+3.42 (+11.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg11.95%
1 Week14.1%
2 Weeks10.37%
1 Month22.75%
3 Month39.77%
6 Month35.63%
12 Month66.58%
2 Year104.66%
3 Year219.22%
5 Year157.02%
10 Year1.58%
15 Year604.4%
Volatility
ATR(14)1
ATR(20)%3.09%
ATR Inc178.25%
Range Today2.7
ADR(20)0.92
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.28
3 months CRS92.38
6 months CRS80.47
Mansfield2.1
10 Day High32.42
10 Day Low27.89
20 Day High32.42
20 Day Low25.58
52 Week High32.42
52 Week Low18.72
CS1 End29.06
CR1 StartN/A
Volume & EV
DER(3)-0.02%
DER(5)1%
Volume471.70K
Volume Incr12.1%
Vol(5)215.22K
Vol(50)175.35K
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 73.0911. This indicates that the stock is currently overbought.
Can you provide the MACD signal for UNIVERSAL INSURANCE HOLDINGS?
The MACD indicator for UNIVERSAL INSURANCE HOLDINGS (UVE) has a value of 0.0470521, 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.