Unico American Technical Analysis (NASDAQ:UNAM)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The UNAM stock chart pattern can give those who understand technical analysis an indication of which way UNAM stock is headed, but cannot predict with 100% certainty as to what can happen to the Unico American stock price.
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 Unico American. Technical analysis uses an approach for Unico American stock analysis that does not care for the fair value of a company but uses price and volume data only.
Unico American Moving Average
Moving averages show the average price of UNAM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $7.77 is above the price of $7.29.
Unico American Bollinger Bands
Bollinger bands comprise of a center line usually UNAM SMA, and two UNAM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $7.29 is in the lower range of Unico American bollinger bands.
Unico American 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 Unico American MACD line is below the signal line.
Unico American Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of UNAM stock is 4.09.