UNITED FIRE GROUP INC - Daily - Technical analysis published on 08/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 47.04 USD
My targets
44.29 USD (-3.74%)
41.79 USD (-9.17%)
My analysis
In the short term, we can see an acceleration in the bearish trend on UNITED FIRE GROUP INC, which is a positive signal for sellers. As long as the price remains above 47.04 USD, a sale could be considered. The first bearish objective is located at 44.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 41.79 USD as an objective. Crossing it would then enable sellers to target 39.42 USD. If the price were to return above 47.04 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNITED FIRE GROUP INC rating is 46.01 USD. The price registered an increase of +1.95% on the session and was between 44.73 USD and 46.31 USD. This implies that the price is at +2.86% from its lowest and at -0.65% from its highest.44.73
46.31
46.01
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of UNITED FIRE GROUP INC in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39.42 | 41.79 | 44.29 | 46.01 | 47.04 | 50.43 | 53.27 |
| Change (%) | -14.32% | -9.17% | -3.74% | - | +2.24% | +9.61% | +15.78% |
| Change | -6.59 | -4.22 | -1.72 | - | +1.03 | +4.42 | +7.26 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.92 | 43.76 | 44.45 | 45.29 | 45.98 | 46.82 | 47.51 |
| Camarilla | 44.71 | 44.85 | 44.99 | 45.13 | 45.27 | 45.41 | 45.55 |
| Woodie | 42.84 | 43.72 | 44.37 | 45.25 | 45.90 | 46.78 | 47.43 |
| Fibonacci | 43.76 | 44.35 | 44.71 | 45.29 | 45.88 | 46.24 | 46.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.62 | 40.20 | 44.11 | 48.68 | 52.59 | 57.17 | 61.08 |
| Camarilla | 45.69 | 46.46 | 47.24 | 48.02 | 48.80 | 49.58 | 50.35 |
| Woodie | 35.29 | 40.03 | 43.78 | 48.52 | 52.26 | 57.00 | 60.75 |
| Fibonacci | 40.20 | 43.44 | 45.44 | 48.68 | 51.92 | 53.93 | 57.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.04 | 45.16 | 48.72 | 50.84 | 54.40 | 56.52 | 60.08 |
| Camarilla | 50.71 | 51.23 | 51.75 | 52.27 | 52.79 | 53.31 | 53.83 |
| Woodie | 43.75 | 45.52 | 49.43 | 51.20 | 55.11 | 56.88 | 60.79 |
| Fibonacci | 45.16 | 47.33 | 48.67 | 50.84 | 53.01 | 54.35 | 56.52 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.26 | |
| MACD (12,26,9): | -0.7500 | |
| Directional Movement: | -10.41 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 47.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.50 | |
| Elder Ray (13): | -2.26 | |
| Super Trend (3,10): | 51.05 | |
| Zig ZAG (10): | 45.89 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 12.29 | |
| TEMA (21): | 46.49 | |
| Williams %R (14): | -84.23 | |
| Chande Momentum Oscillator (20): | -5.17 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 9.98 |
| MA7: | 46.19 | |
| MA20: | 48.81 | |
| MA50: | 48.56 | |
| MA100: | 46.67 | |
| MAexp7: | 46.75 | |
| MAexp20: | 48.14 | |
| MAexp50: | 48.22 | |
| MAexp100: | 48.01 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -5.74% | |
| Price / MA50: | -5.25% | |
| Price / MA100: | -1.41% | |
| Price / MAexp7: | -1.58% | |
| Price / MAexp20: | -4.42% | |
| Price / MAexp50: | -4.58% | |
| Price / MAexp100: | -4.17% |
News
Don"t forget to follow the news on UNITED FIRE GROUP INC. At the time of publication of this analysis, the latest news was as follows:
- United Fire Group, Inc. to Host Earnings Call
- United Fire Group, Inc. to Host Earnings Call
- Investor Network: United Fire Group, Inc. to Host Earnings Call
- Investor Network: United Fire Group, Inc. to Host Earnings Call
-
United Fire Group
This member declared not having a position on this financial instrument or a related financial instrument.
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