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Uptrend Broken SupportArchive
- 4/19/2024 -
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Under Armo (UAA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Under Armo (UAA). During the week, the UAA gained 0.17 points, or 2.59%, and closed at 6.73 on Friday, April 19, 2024. Weekly volume was -22% below average.
 Long-term trend: [See UAA long-term trend chart]
A long-term uptrend had started on September 27, 2023 at 6.29 and reached 9.50 on December 20, 2023. UAA gained -3.21 points, or -51.03%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (7.96) 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. UAA 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 UAA medium-term trend chart]
A medium-term downtrend had started on February 29, 2024 at 9.08 and reached 6.43 on April 16, 2024. UAA lost 2.65 points, or 29.19%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (6.35) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See UAA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 links to access Lane's Stochastic and 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 UAA short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 6.43 and reached 6.82 on April 19, 2024. UAA gained -0.39 points, or -6.07%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See UAA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
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.
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