United Microelectronics Stock Technical Analysis

UMC Stock  USD 8.09  0.11  1.38%   
As of the 28th of March, United Microelectronics has the Coefficient Of Variation of 4715.29, risk adjusted performance of 0.0189, and Semi Deviation of 1.71. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of United Microelectronics, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have collected data for nineteen technical drivers for United Microelectronics, which can be compared to its competition. Please validate United Microelectronics jensen alpha, as well as the relationship between the potential upside and skewness to decide if United Microelectronics is priced more or less accurately, providing market reflects its prevalent price of 8.09 per share. Given that United Microelectronics has jensen alpha of (0.18), we advise you to double-check United Microelectronics's current market performance to make sure the company can sustain itself at a future point.

United Microelectronics Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as United, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to United
  
United Microelectronics' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

United Microelectronics Analyst Consensus

Target PriceAdvice# of Analysts
7.17Buy5Odds
United Microelectronics current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most United analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand United stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of United Microelectronics, talking to its executives and customers, or listening to United conference calls.
United Analyst Advice Details
United Microelectronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of United Microelectronics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of United Microelectronics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

United Microelectronics Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of United Microelectronics volatility. High ATR values indicate high volatility, and low values indicate low volatility.

United Microelectronics Trend Analysis

Use this graph to draw trend lines for United Microelectronics. You can use it to identify possible trend reversals for United Microelectronics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual United Microelectronics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

United Microelectronics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for United Microelectronics applied against its price change over selected period. The best fit line has a slop of    , which may imply that United Microelectronics will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.09, which is the sum of squared deviations for the predicted United Microelectronics price change compared to its average price change.

About United Microelectronics Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of United Microelectronics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of United Microelectronics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on United Microelectronics price pattern first instead of the macroeconomic environment surrounding United Microelectronics. By analyzing United Microelectronics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of United Microelectronics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to United Microelectronics specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio15.165.4252.6555.28
Short Term Coverage Ratios36.4271.462.862.72

United Microelectronics March 28, 2024 Technical Indicators

Most technical analysis of United help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for United from various momentum indicators to cycle indicators. When you analyze United charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

United Microelectronics March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as United stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether United Microelectronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United Microelectronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of United Microelectronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United Microelectronics Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Microelectronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade United Stock refer to our How to Trade United Stock guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for United Stock analysis

When running United Microelectronics' price analysis, check to measure United Microelectronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Microelectronics is operating at the current time. Most of United Microelectronics' value examination focuses on studying past and present price action to predict the probability of United Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Microelectronics' price. Additionally, you may evaluate how the addition of United Microelectronics to your portfolios can decrease your overall portfolio volatility.
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Is United Microelectronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Microelectronics. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Microelectronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.31)
Dividend Share
3
Earnings Share
0.87
Revenue Per Share
89.94
Quarterly Revenue Growth
(0.19)
The market value of United Microelectronics is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Microelectronics' value that differs from its market value or its book value, called intrinsic value, which is United Microelectronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Microelectronics' market value can be influenced by many factors that don't directly affect United Microelectronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between United Microelectronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Microelectronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Microelectronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.