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Stock Trend Analysis Report

Prepared for you on Saturday, March 25, 2023.

United Microelectronics Corporation (NEW) (NYSE:UMC)

Countertrend Up (+85) - UMC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
8.69 8.70 8.57 8.61 -0.19
Entry Signal

MarketClub’s Trade Triangles for UMC

long term up The long-term trend has been UP since Nov 11th, 2022 at 7.320

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2023 at 7.025

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 8.585

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
8.69 8.70 8.57 8.61 -0.19
Prev. Close Volume Bid Ask Time
8.60 5323777 2023-03-24 15:59:42
Year High3.14Year High Date2018-06-13
Year Low1.64Year Low Date2018-11-13
52wk High9.61552wk High Date2022-03-30
52wk Low5.3652wk Low Date2022-10-11
Year End Close1.99Average Volume6,878,742
Shares Outstanding2,585,200Short Interest22,584,732
% Institutional7.9Market Cap5,104M
P/E Ratio41.9048Beta1.48
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