UWM HOLDINGS CORP (UWMC) Stock Technical Analysis
NYSE:UWMC - New York Stock Exchange, Inc. - US91823B1098 - Common Stock - Currency: USD
Taking everything into account, UWMC scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. UWMC was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
92% of all other stocks performed better in the past year than UWMC.
UWMC is one of the lesser performing stocks in the Financial Services industry. 86% of 101 stocks in the same industry do better.
UWMC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month UWMC has a been trading in the 3.98 - 4.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
UWMC has an average volume of 6925200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UWMC has a poor technical rating and the quality of the setup is also not perfect 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
3.89
6.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.20 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.93 to 4.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @4.48 from a trend line in the daily time frame.
- Resistance @4.66 from a horizontal line in the daily time frame.
- Resistance @6.63 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 | DOWN | NEGATIVE | The long term trend for UWMC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UWMC is neutral. |
| ChartMill Relative Strength | 8.6 | NEGATIVE | UWMC has a low relative strength, it was outperformed by 91.4% 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) | DOWN | NEGATIVE | The current price of UWMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.72 | NEUTRAL | The RSI value for UWMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UWMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.65 | NEUTRAL | The Stochastics value for UWMC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for UWMC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.67 | NEGATIVE | The low ADX value for UWMC suggests a weak or negative 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)
4.35
+0.07 (+1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.64%
1 Week0.47%
2 Weeks-2.73%
1 Month7.27%
3 Month1.18%
6 Month-31.74%
12 Month-49.11%
2 Year-28.19%
3 Year18.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%4.16%
ATR Inc44.79%
Range Today0.15
ADR(20)0.17
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.6
Mansfield-3.35
10 Day High4.76
10 Day Low3.98
20 Day High4.76
20 Day Low3.98
52 Week High9.74
52 Week Low3.8
CS1 End4.03
CR1 Start4.29
Volume & EV
DER(3)3.22%
DER(5)1.08%
Volume7.07M
Volume Incr2.44%
Vol(5)7.13M
Vol(50)6.93M