UWM HOLDINGS CORP (UWMC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UWMC - US91823B1098 - Common Stock
Taking everything into account, UWMC scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, UWMC is a bad performer.
- When comparing the yearly performance of all stocks, UWMC is a bad performer in the overall market: 71% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- UWMC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- UWMC has an average volume of 13229300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- UWMC is part of the Financial Services industry. There are 97 other stocks in this industry, UWMC did better than 48% of them.
- UWMC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UWMC is lagging the market.
UWMC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.39
When analyzing the support we notice one important area.
- A support zone ranging from 4.43 to 4.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.06 to 6.11. 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 UWMC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UWMC is up. |
| ChartMill Relative Strength | 29.48 | NEGATIVE | UWMC has a low relative strength, it was outperformed by 70.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UWMC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UWMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UWMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.54 | NEUTRAL | The RSI value for UWMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests UWMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.93 | OVERBOUGHT | The high Stochastics value suggests UWMC may be overbought. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for UWMC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.7 | POSITIVE | The high ADX value value for UWMC suggests a strong trend. |
5.79
-0.01 (-0.17%)
UWM HOLDINGS CORP / UWMC FAQ
Can you provide the ChartMill technical rating for UWM HOLDINGS CORP?
ChartMill assigns a technical rating of 7 / 10 to UWMC.
What is the current trend direction of UWM HOLDINGS CORP (UWMC) stock?
The current trend direction for UWM HOLDINGS CORP (UWMC) is Bullish.
What is the RSI signal for UWM HOLDINGS CORP (UWMC) stock?
UWM HOLDINGS CORP (UWMC) has an RSI value of 64.5385. This indicates that the stock is currently neutral.
Can you provide the MACD signal for UWM HOLDINGS CORP?
The MACD indicator for UWM HOLDINGS CORP (UWMC) has a value of 0.117716, indicating a bearish trend.
What is the buy/sell signal for UWM HOLDINGS CORP (UWMC) stock?
The buy/sell signal for UWM HOLDINGS CORP (UWMC) is buy as both the short term and long term trends are positive.