Unico American Corp Forecast and Stock Analysis
Technical UNAM stock analysis for February 21, 2019.
Unico American Corp fell by -6.46% in the last day from $6.04 to $5.65 The price has been going up and down for this period, and there has been a -2.75% loss for the last 2 weeks. Volume has increased in the last day by 25 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 136 shares bought and sold for approximately $768.40.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the UNAM stock was $5.65. This is 6.46% less than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 0.00% from a day low at $5.65 to a day high of $5.65.
30 day high of the UNAM stock price was $6.51 and low was $5.43.
90 day high was $6.61 and low was $5.43.
52 week high for the Unico American Corp - $8.50 and low - $5.43.
Unico American Corp has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $5.84. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Unico American Corp 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 $6.05 and $6.12. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday February 12, 2019, which indicates further falls until a new bottom pivot has been found. Unico American Corp gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 31 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 0.00%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The Unico American Corp stock holds several negative signals and despite the positive trend we believe Unico American Corp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.