Swing Trader's Sector Rotation Yields 13.14% Gain for UMC, Bullish Trend Analysis
Swing Trader: Sector Rotation Strategy (TA&FA) Generates 13.14% for UMC
UMC has been hitting its stride, showcasing positive financial performance by entering a notable +1.36% uptrend. This encouraging trend, observed as of June 15, 2023, signifies the third consecutive day of UMC's price advancement. This consistent upward movement is conventionally viewed as a bullish sign within the trading ecosystem, painting a hopeful picture for future prospects of this stock.
The Sector Rotation Strategy, a swing trading approach combining Technical Analysis (TA) and Fundamental Analysis (FA), has notably reaped a remarkable 13.14% for UMC. This strategy effectively positions the portfolio based on the economic cycle's stages, leveraging insights from TA to identify promising entry and exit points, and FA to evaluate the inherent value of the stocks.
There's ample historical evidence to inspire confidence in this bullish trend. Data from similar instances where UMC experienced a three-day growth trajectory reveal an interesting pattern. Out of 238 such cases, the stock price continued to climb further in the subsequent month in 168 instances. This translates into a compelling 71% chance of sustained growth, an optimistic statistic for existing shareholders and potential investors alike.
This consistent growth pattern, backed by a robust strategy, has helped UMC exhibit a solid performance, with the potential to realize more gains in the near term. By successfully navigating the market's ebb and flow through the Sector Rotation Strategy, UMC has demonstrated a well-executed approach that perfectly blends the tactical dynamism of TA with the strategic foresight offered by FA.
The forward momentum indicated by the three-day uptrend and the 71% odds of further growth points towards a bright future for UMC. It is a vivid testimony to the effective implementation of the Swing Trader's Sector Rotation Strategy, offering substantial gains and unlocking new growth avenues.
This accomplishment heralds a promising era for UMC and serves as an illustrative case for implementing a well-rounded strategy that merges the strength of both technical and fundamental analyses. Investors and market watchers would do well to keep an eye on this stock's future growth, which is presently soaring on the wings of a carefully orchestrated and successful strategy.
UMC in upward trend: price may jump up because it broke its lower Bollinger Band on October 18, 2024
UMC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 25 cases where UMC's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for UMC's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UMC advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UMC as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for UMC turned negative on October 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
UMC moved below its 50-day moving average on October 01, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for UMC crossed bearishly below the 50-day moving average on October 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UMC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for UMC entered a downward trend on September 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.874) is normal, around the industry mean (7.487). P/E Ratio (12.614) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (1.787) is also within normal values, averaging (2.825). UMC's Dividend Yield (0.054) is considerably higher than the industry average of (0.020). P/S Ratio (2.948) is also within normal values, averaging (43.322).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. UMC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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a manufcaturer of micro chips, semiconductors, and components for liquid crystal display production
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