United Microelectronics Technical Analysis (NYSE:UMC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the United Microelectronics stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the UMC stock chart which creates a trading signal.
See United Microelectronics bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of United Microelectronics stock analysis.
United Microelectronics Moving Average
Moving averages show the average price of UMC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $2.85 is below the last closing price of $2.99 and the 50 day moving average of $2.73 is below the last closing price of $2.99. The 10 and 20 day periods can predict short term moving average trends.
United Microelectronics Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like United Microelectronics. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $2.99 is in the upper range of United Microelectronics bollinger bands.
United Microelectronics Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The United Microelectronics MACD line is below the signal line.
United Microelectronics Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 71.43 is the RSI value of UMC stock.