UMC - United Microelectronics Corporation

Industry: Semiconductor Equipment & Materials Sector: Technology Exchange: NYSE

UMC - United Microelectronics Corporation

Industry: Semiconductor Equipment & Materials Sector: Technology Exchange: NYSE

Fri 17'th Aug 2018

PERIOD 2018-05-18 - 2018-08-17
CHANGE 0.74%
PRICE $2.73





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United Microelectronics Corporation Stock Analysis

Technical stock analysis for Fri 17'th Aug 2018

Hold candidate since 2018-08-17
Shorts 0.62% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta 0.53
ROA 3.22

United Microelectronics Corporation gained 0.74% in the last trading day, rising from $2.71 to $2.73 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 5 of the last 10 days , but is still down by -3.53% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 234 229 more shares were traded than the day before. In total, 918 188 shares bought and sold for approximately $2.51 million.


United Microelectronics Corporation is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $2.69 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect United Microelectronics Corporation with 90% probability to be traded between $2.69 and $3.08 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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A buy signal was issued from a pivot bottom point on Wednesday August 15, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. United Microelectronics Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.76 and $2.81. A break-up above any of these levels will issue buy signals.

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Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

United Microelectronics Corporation finds support from accumulated volume at $2.71.

Support: $2.71 Price: $2.73 Resistance: $2.75


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.04 (1.48%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.

Our recommended stoploss: $2.57 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High


United Microelectronics Corporation holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.


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UMC $2.73 $0.02(0.74%)
UMC is up $0.02 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for UMC based on the 1-3 month system that more than doubles the S&P 500.

Click here – the UMC analysis is free »

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