United Microelectronics Technical Analysis (NYSE:UMC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The United Microelectronics stock price data and volume are plotted in UMC stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for United Microelectronics. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking United Microelectronics stock analysis using these technical indicators helps identify trading opportunities.
United Microelectronics Moving Average:
Moving averages show the UMC stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer UMC stock price movement for the moving average to change course.
United Microelectronics Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of United Microelectronics stock price relative to previous trades. Currently the stock price of $2.29 is in the upper range of United Microelectronics bollinger bands.
United Microelectronics Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The United Microelectronics MACD indicator can be used to identify bullish and bearish trends for the stock.
United Microelectronics Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of UMC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .