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Stock Trend Analysis Report

Prepared for you on Saturday, September 30, 2023.

United Microelectronics Corporation (NEW) (NYSE:UMC)

Countertrend Down (-85) - UMC is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

Open High Low UMC Price Change
7.15 7.15 7.04 7.05 -0.02
Entry Signal

MarketClub’s Trade Triangles for UMC

long term down The long-term trend has been DOWN since Jul 6th, 2023 at 7.58

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 6.96

short term up The short-term trend has been UP since Sep 28th, 2023 at 7.09

Smart Scan Analysis for UMC

Based on our trend formula, UMC is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for UMC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.15 7.15 7.04 7.05 -0.02
Prev. Close Volume Bid Ask Time
7.06 3768609 2023-09-29 15:59:53
Year High3.14Year High Date2018-06-13
Year Low1.64Year Low Date2018-11-13
52wk High8.9752wk High Date2023-06-15
52wk Low5.3652wk Low Date2022-10-11
Year End Close1.99Average Volume5,833,694
Shares Outstanding2,585,200Short Interest22,584,732
% Institutional7.9Market Cap5,104M
P/E Ratio31.5625Beta1.48
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