Universal Insurance Technical Analysis (NYSE:UVE)
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 Universal Insurance stock price data and volume are plotted in UVE 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 Universal Insurance. Technical analysis uses an approach for Universal Insurance stock analysis that does not care for the fair value of a company but uses price and volume data only.
Universal Insurance Moving Average
Moving averages help predict the price direction of UVE stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $43.81 is below the price of $44.65.
Universal Insurance Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the UVE stock. Currently the stock price of $44.65 is in the upper range of Universal Insurance bollinger bands.
Universal Insurance 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 Universal Insurance MACD line is above the signal line.
Universal Insurance 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. The relative strength index of UVE stock is 52.38.