Today UNAM ranks # as HOLD CANDIDATE.
Today UNAM ranks # as HOLD CANDIDATE.

UNAM stock Unico American Corp

UNAM stock
Unico American Corp

April 24, 2019
Change 0.25%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will UNAM stock price go up or down on Thu, 25 Apr 2019?

Unico American Corp Forecast and Stock Analysis

Technical UNAM stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts n/a
Cash n/a
Loans n/a
Beta -0.48
ROA -2.53

Unico American Corp gained 0.25% in the last trading day, rising from $6.02 to $6.03 The price has risen in 4 of the last 10 days and is up by 1.41% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 757 more shares were traded than the day before. In total, 760 shares bought and sold for approximately $4 585.92.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the UNAM stock was $6.03. This is 0.25% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 0.10% from a day low at $6.03 to a day high of $6.04.

30 day high of the UNAM stock price was $6.20 and low was $5.54.
90 day high was $6.51 and low was $5.19.
52 week high for the Unico American Corp - $8.50 and low - $5.19.

Trend

Unico American Corp lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.00% during the next 3 months and, with 90% probability hold a price between $5.13 and $5.92 at the end of this period.

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Signals

Unico American Corp holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $5.91 and $5.93. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 16, 2019, which indicates further gains until a new top pivot has been found. Unico American Corp has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Tuesday April 16, 2019 with a target of $5.87. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Unico American Corp finds support from accumulated volume at $6.02.

Support: $6.02 Price: $6.03 Resistance: $6.10

Risk

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 $0.01 (0.10%) between high and low. For the last week, the stock has had a daily average volatility of 0.86%.

Our recommended stoploss: $5.79 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Unico American Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Today UNAM ranks # as HOLD CANDIDATE.
Today UNAM ranks # as HOLD CANDIDATE.