UNITED MICROELECTRONICS
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 - 1H - Technical analysis published on 12/02/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 11.94 USD
My targets
12.50 USD (+2.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UNITED MICROELECTRONICS as long as the price remains well above 11.94 USD. The buyers' bullish objective is set at 12.50 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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

Additional analysis

Quotes

UNITED MICROELECTRONICS rating 12.23 USD. The price has increased by +5.16% since the last closing and was traded between 12.03 USD and 12.68 USD over the period. The price is currently at +1.66% from its lowest and -3.55% from its highest.

12.03
12.68
12.23

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

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 results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of UNITED MICROELECTRONICS indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 11.39 11.68 11.94 12.23 12.50
Change (%) -6.87% -4.50% -2.37% - +2.21%
Change -0.84 -0.55 -0.29 - +0.27
Level Intermediate Minor 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
Standard11.0511.2211.4211.5911.7911.9612.16
Camarilla11.5311.5611.6011.6311.6611.7011.73
Woodie11.0811.2311.4511.6011.8211.9712.19
Fibonacci11.2211.3611.4511.5911.7311.8211.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.8810.4610.7911.3711.7012.2812.61
Camarilla10.8810.9611.0511.1311.2111.3011.38
Woodie9.7710.4010.6811.3111.5912.2212.50
Fibonacci10.4610.8011.0211.3711.7111.9312.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.809.4910.5611.2512.3213.0114.08
Camarilla11.1511.3111.4711.6311.7911.9512.11
Woodie8.999.5910.7511.3512.5113.1114.27
Fibonacci9.4910.1610.5811.2511.9212.3413.01

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): 63.63
MACD (12,26,9): 0.2900
Directional Movement: 24.01
AROON (14): 42.86
DEMA (21): 12.28
Parabolic SAR (0,02-0,02-0,2): 12.09
Elder Ray (13): 0.23
Super Trend (3,10): 12.03
Zig ZAG (10): 12.23
VORTEX (21): 1.1400
Stochastique (14,3,5): 78.05
TEMA (21): 12.49
Williams %R (14): -34.48
Chande Momentum Oscillator (20): 0.80
Repulse (5,40,3): -2.5700
ROCnROLL: 1
TRIX (15,9): 0.2600
Courbe Coppock: 16.59
MA7: 11.53
MA20: 11.32
MA50: 11.02
MA100: 10.89
MAexp7: 12.30
MAexp20: 11.95
MAexp50: 11.66
MAexp100: 11.45
Price / MA7: +6.07%
Price / MA20: +8.04%
Price / MA50: +10.98%
Price / MA100: +12.30%
Price / MAexp7: -0.57%
Price / MAexp20: +2.34%
Price / MAexp50: +4.89%
Price / MAexp100: +6.81%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on UNITED MICROELECTRONICS at the time of the generation of this analysis was as follows:

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

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