UNITED MICROELECTRONICS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	UMC
ISIN:	TW0002303005

UNITED MICROELECTRONICS - Daily - Technical analysis published on 12/21/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 11.19 USD

My targets

12.50 USD (+9.75%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on UNITED MICROELECTRONICS. As long as you are above the support located at 11.19 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 12.50 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 11.19 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

3.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

UNITED MICROELECTRONICS rating 11.39 USD. The price registered an increase of +4.21% on the session with the lowest point at 11.15 USD and the highest point at 11.40 USD. The deviation from the price is +2.15% for the low point and -0.09% for the high point.

11.15

11.40

11.39

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of UNITED MICROELECTRONICS indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	9.16	10.16	11.19	11.39	11.55	12.50
Change (%)	-19.58%	-10.80%	-1.76%	-	+1.40%	+9.75%
Change	-2.23	-1.23	-0.20	-	+0.16	+1.11
Level	Major	Minor	Major	-	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.63	10.74	10.84	10.95	11.05	11.16	11.26
Camarilla	10.87	10.89	10.91	10.93	10.95	10.97	10.99
Woodie	10.62	10.74	10.83	10.95	11.04	11.16	11.25
Fibonacci	10.74	10.82	10.87	10.95	11.03	11.08	11.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.19	10.52	10.80	11.13	11.41	11.74	12.02
Camarilla	10.90	10.96	11.01	11.07	11.13	11.18	11.24
Woodie	10.16	10.51	10.77	11.12	11.38	11.73	11.99
Fibonacci	10.52	10.76	10.90	11.13	11.37	11.51	11.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.80	9.49	10.56	11.25	12.32	13.01	14.08
Camarilla	11.15	11.31	11.47	11.63	11.79	11.95	12.11
Woodie	8.99	9.59	10.75	11.35	12.51	13.11	14.27
Fibonacci	9.49	10.16	10.58	11.25	11.92	12.34	13.01

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.69
MACD (12,26,9):	-0.0400
Directional Movement:	6.51
AROON (14):	-92.86
DEMA (21):	11.36
Parabolic SAR (0,02-0,02-0,2):	12.05
Elder Ray (13):	-0.08
Super Trend (3,10):	12.13
Zig ZAG (10):	11.34
VORTEX (21):	0.8400
Stochastique (14,3,5):	14.23
TEMA (21):	11.21
Williams %R (14):	-72.54
Chande Momentum Oscillator (20):	-0.75
Repulse (5,40,3):	1.6800
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	9.27

MA7:	11.13
MA20:	11.51
MA50:	11.09
MA100:	11.17
MAexp7:	11.22
MAexp20:	11.36
MAexp50:	11.25
MAexp100:	10.94
Price / MA7:	+2.34%
Price / MA20:	-1.04%
Price / MA50:	+2.71%
Price / MA100:	+1.97%
Price / MAexp7:	+1.52%
Price / MAexp20:	+0.26%
Price / MAexp50:	+1.24%
Price / MAexp100:	+4.11%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on UNITED MICROELECTRONICS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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