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Uptrend Broken SupportArchive
- 4/5/2024 -
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Under Armour (UA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Under Armour (UA). During the week, the UA dropped -0.59 points, or -8.26%, and closed at 6.55 on Friday, April 5, 2024. Weekly volume was -16% below average.
 Long-term trend: [See UA long-term trend chart]
A long-term uptrend had started on September 27, 2023 at 5.86 and reached 8.99 on December 20, 2023. UA gained -3.13 points, or -53.41%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (7.69) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. UA may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See UA medium-term trend chart]
A medium-term downtrend had started on December 20, 2023 at 8.99 and reached 6.54 on April 5, 2024. UA lost 2.45 points, or 27.25%, in 15 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See UA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See UA short-term trend chart]
A short-term downtrend had started on February 29, 2024 at 8.68 and reached 6.54 on April 5, 2024. UA lost 2.14 points, or 24.65%, in 36 days. Price is near the trend low.
 Daily Technical Indicators: [See UA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 6, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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