Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
United Microelectronics Corporation (NEW) (NYSE:UMC)
Bear Market Rally (-75) - UMC is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on UMC as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid UMC?
MarketClub looks at technical strength and momentum to determine if the timing is right for UMC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for UMC
The long-term trend has been DOWN since Apr 19th, 2024 at 7.46
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 7.91
The short-term trend has been UP since Apr 24th, 2024 at 7.61
Smart Scan Analysis for UMC
Based on our trend formula, UMC is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.6800 | 7.7994 | 7.4250 | 7.7350 | +0.1350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.6000 | 11010444 | 2024-04-24 15:59:42 |
| Year High | 3.14 | Year High Date | 2018-06-13 |
| Year Low | 1.64 | Year Low Date | 2018-11-13 |
| 52wk High | 8.97 | 52wk High Date | 2023-06-15 |
| 52wk Low | 6.71 | 52wk Low Date | 2023-08-16 |
| Year End Close | 1.99 | Average Volume | 8,208,604 |
| Shares Outstanding | 2,585,200 | Short Interest | 22,584,732 |
| % Institutional | 7.9 | Market Cap | 5,104M |
| Assets | 519,393,920M | Liabilities | 204,583,523M |
| P/E Ratio | 34.8214 | Beta | 1.48 |
| Volatility | 49.36 |