UNITED MICROELECTRONICS - 1H - Technical analysis published on 12/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
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
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
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
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
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 11.05 | 11.22 | 11.42 | 11.59 | 11.79 | 11.96 | 12.16 |
| Camarilla | 11.53 | 11.56 | 11.60 | 11.63 | 11.66 | 11.70 | 11.73 |
| Woodie | 11.08 | 11.23 | 11.45 | 11.60 | 11.82 | 11.97 | 12.19 |
| Fibonacci | 11.22 | 11.36 | 11.45 | 11.59 | 11.73 | 11.82 | 11.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.88 | 10.46 | 10.79 | 11.37 | 11.70 | 12.28 | 12.61 |
| Camarilla | 10.88 | 10.96 | 11.05 | 11.13 | 11.21 | 11.30 | 11.38 |
| Woodie | 9.77 | 10.40 | 10.68 | 11.31 | 11.59 | 12.22 | 12.50 |
| Fibonacci | 10.46 | 10.80 | 11.02 | 11.37 | 11.71 | 11.93 | 12.28 |
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 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:
- Micron and UMC Announce Global Settlement
- UMC Leads Semiconductor Foundries in the 2021 Dow Jones Sustainability Indices (DJSI)
- UMC Reports Sales for October 2021
- UMC Reports Third Quarter 2021 Results
- UMC Reports Sales for September 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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