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 - Weekly - Technical analysis published on 12/21/2021 (GMT)
- 283
- 0
- 12/21/2021 - 19:09
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- Timeframe : Weekly
- - Analysis generated on 12/21/2021 - 19:09
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 10.56 USD
My targets
12.50 USD (+9.75%)
My analysis
The bullish trend is currently very strong on UNITED MICROELECTRONICS. As long as the price remains above the support at 10.56 USD, you could try to benefit from the boom. The first bullish objective is located at 12.50 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNITED MICROELECTRONICS rating is 11.39 USD. The price is up +2.80% over 5 days and has been traded over the last 5 days between 10.86 USD and 11.18 USD. This implies that the 5 day price is +4.85% from its lowest point and +1.88% from its highest point.10.86
11.18
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
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 MICROELECTRONICS in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Near support of triangle
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.47 | 9.16 | 11.19 | 11.39 | 12.50 |
| Change (%) | -60.76% | -19.58% | -1.76% | - | +9.75% |
| Change | -6.92 | -2.23 | -0.20 | - | +1.11 |
| Level | Intermediate | Major | Major | - | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.80 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | 14.43 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 11.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.68 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 9.36 | |
| Zig ZAG (10): | 11.34 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 45.02 | |
| TEMA (21): | 11.41 | |
| Williams %R (14): | -51.53 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7000 | |
| Courbe Coppock: | 1.32 |
| MA7: | 11.13 | |
| MA20: | 11.51 | |
| MA50: | 11.09 | |
| MA100: | 11.17 | |
| MAexp7: | 11.29 | |
| MAexp20: | 10.97 | |
| MAexp50: | 9.74 | |
| MAexp100: | 7.83 | |
| Price / MA7: | +2.34% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | +2.71% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +3.83% | |
| Price / MAexp50: | +16.94% | |
| Price / MAexp100: | +45.47% |
Quotes :
12/21/2021 - 18:53
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on UNITED MICROELECTRONICS at the time of the analysis were as follows:
- 12/06/2021 - 09:00 UMC Reports Sales for November 2021
- 11/25/2021 - 23:51 Micron and UMC Announce Global Settlement
- 11/13/2021 - 05:22 UMC Leads Semiconductor Foundries in the 2021 Dow Jones Sustainability Indices (DJSI)
- 11/04/2021 - 09:00 UMC Reports Sales for October 2021
- 10/27/2021 - 08:35 UMC Reports Third Quarter 2021 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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