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- 11/8/2024 -
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Under Armour (UA) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Under Armour (UA). During the week, the UA gained 0.88 points, or 11.17%, and closed at 8.76 on Friday, November 8, 2024. It was the best weekly gain since August 9, 2024. Weekly volume was 101% above average.

Long-term trend: [See UA long-term trend chart]
A long-term uptrend had started on September 30, 2022 at 5.74 and reached 11.41 on February 2, 2023. UA gained -5.67 points, or -98.78%, in 17 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (6.05) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See UA medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 6.02 and reached 10.62 on November 7, 2024. UA gained -4.60 points, or -76.41%, in 13 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See UA weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since July 26, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See UA short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 7.82 and reached 10.62 on November 7, 2024. UA gained -2.80 points, or -35.81%, in 7 days. The price is now at the 66.43% retracement level.

Daily Technical Indicators: [See UA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.37
Williams' Percentage Range (W%R) 28.40
Lane's Stochastic (%D-Slow) 56.40
Greed/Fear Indicator (GFI) 60.80
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.13
Williams' Percentage Range (W%R) 17.40
Overbought
Lane's Stochastic (%D-Slow) 75.52
Greed/Fear Indicator (GFI) 70.63
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 9.77
Daily Stochastic Crossing 9.54
Upper Bollinger Band 9.24
Price 8.76
20 Day Moving Average 8.32
50 Day Moving Average 7.93
Parabolic System 7.86
Lower Bollinger Band 7.32
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Apparel, Accessories & Luxury Goods 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 7.82
Low Date 10/31/2024
High 10.62
High Date 11/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.82
Low Date 10/31/2024
High 10.62
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.82
Low Date 10/31/2024
High 10.62
High Date 11/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.02
Low Date 08/05/2024
High 10.62
High Date 11/07/2024
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 6.55
Support 6.05
Low 5.74
Low Date 09/30/2022
High 11.41
High Date 02/02/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.