UNITED MICROELECTRONICS - 1H - Technical analysis published on 12/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11.19 USD
My targets
11.55 USD (+1.40%)
11.94 USD (+4.83%)
My analysis
The strong short-term increase for UNITED MICROELECTRONICS reinforces the current slightly bullish trend. As long as the price remains above 11.19 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 11.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.94 USD as an objective. Crossing it would then enable buyers to target 12.50 USD. A return to 11.19 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.2
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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 price is 11.39 USD. The price has increased by +4.21% since the last closing and was between 11.15 USD and 11.40 USD. This implies that the price is at +2.15% from its lowest and at -0.09% from its highest.11.15
11.40
11.39
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this UNITED MICROELECTRONICS chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 | 10.16 | 10.86 | 11.19 | 11.39 | 11.55 | 11.94 | 12.50 |
| Change (%) | -10.80% | -4.65% | -1.76% | - | +1.40% | +4.83% | +9.75% |
| Change | -1.23 | -0.53 | -0.20 | - | +0.16 | +0.55 | +1.11 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
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): | 64.16 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 16.53 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 11.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.90 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 11.01 | |
| Zig ZAG (10): | 11.34 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 96.30 | |
| TEMA (21): | 11.19 | |
| Williams %R (14): | -2.06 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | 0.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.23 |
| MA7: | 11.13 | |
| MA20: | 11.51 | |
| MA50: | 11.09 | |
| MA100: | 11.17 | |
| MAexp7: | 11.23 | |
| MAexp20: | 11.11 | |
| MAexp50: | 11.18 | |
| MAexp100: | 11.31 | |
| Price / MA7: | +2.34% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | +2.71% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | +1.42% | |
| Price / MAexp20: | +2.52% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +0.71% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on UNITED MICROELECTRONICS. At the time of publication of this analysis, the latest news was as follows:
- UMC Reports Sales for November 2021
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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