UNITI GROUP INC (UNIT) Stock Technical Analysis
NASDAQ:UNIT - Nasdaq - US91325V1089 - REIT - Currency: USD
Taking everything into account, UNIT scores 1 out of 10 in our technical rating. UNIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month UNIT has a been trading in the 4.00 - 5.26 range, which is quite wide. It is currently trading near the high of this range.
UNIT has an average volume of 2455930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, UNIT outperforms 64% of them, which is more or less in line with the market.
UNIT is an average performer in the Specialized REITs industry, it outperforms 48% of 30 stocks in the same industry.
UNIT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
UNIT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for UNIT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.16
6.08
4 important support areas can be observed.
- A support zone ranging from 4.67 to 4.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.41 from a trend line in the weekly time frame.
- Support @4.29 from a horizontal line in the weekly time frame.
- Support @4.20 from a trend line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 4.94 to 5.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.25 from a horizontal line in the daily time frame.
- Resistance @5.73 from a trend line in the daily time frame.
- Resistance @5.83 from a trend line in the weekly time frame.
- Resistance @6.02 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.39
Mansfield0.52
10 Day High4.95
10 Day Low4.45
20 Day High5.27
20 Day Low4
52 Week High6.31
52 Week Low2.57
Performance
1 Week6.02%
2 Weeks9.56%
1 Month-2.18%
3 Month-9.54%
6 Month-6.63%
12 Month11.04%
2 Year44.15%
3 Year-60.21%
5 Year-30.17%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)54.39
LBB4.23
UBB5.01
4.93
+0.05 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg1.02%
1 Week6.02%
2 Weeks9.56%
1 Month-2.18%
3 Month-9.54%
6 Month-6.63%
12 Month11.04%
2 Year44.15%
3 Year-60.21%
5 Year-30.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%5.29%
ATR Inc-53.57%
Range Today0.11
ADR(20)0.25
ADR(20)%4.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.39
Mansfield0.52
10 Day High4.95
10 Day Low4.45
20 Day High5.27
20 Day Low4
52 Week High6.31
52 Week Low2.57
CS1 End4.75
CR1 Start4.94
Volume & EV
DER(3)8.25%
DER(5)5.94%
Volume1.46M
Volume Incr-33.1%
Vol(5)1.59M
Vol(50)2.46M