Buy Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
0.00%
PRICE
$30.18
VOLUME
Buy
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
0.00%
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Ultratech Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Buy candidate since 2017-05-18 Gain 1.04%

No changes to the price of Ultratech in the last trading day. The price has risen in 5 of the last 10 days , but is still down by -0.69% for this period.

Trend

Ultratech lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.5% during the next 3 months and, with 90% probability hold a price between USD 31.34 and USD 32.54 at the end of this period.

Signals

Only positive signals in the chart today. Ultratech holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 30.14 and USD 30.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

The stock had a Golden Star Signal* on Monday April 17, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 37 and the stock is currently not being overbought or oversold

Support & Resistance

Ultratech finds support from accumulated volume at USD 29.28, USD 29.20, and USD 29.10. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 30.42, USD 30.80 and USD 30.57.

The stock is about to test the resistance from accumulated volume at USD 30.42 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.49 (1.64%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.

Our recommended stoploss: USD 28.37 (-5.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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