Question 1

What implications does the 10-day RSI indicator have for UEIC?

Accepted Answer

The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 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 Uptrend is expected.

Question 2

What is the significance of the 50-day moving average indicator for UEIC?

Accepted Answer

UEIC moved below its 50-day moving average on August 02, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 3

What is the significance of the 10-day moving average indicator for UEIC?

Accepted Answer

The 10-day moving average for UEIC crossed bearishly below the 50-day moving average on August 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 11 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 0%.

Question 4

What does a 3-day price advance indicate for UEIC?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where UEIC advanced for three days, in 193 of 276 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.

Question 5

What does a 3-day decline signify for UEIC's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UEIC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 6

What does UEIC breaking above its upper Bollinger Band indicate?

Accepted Answer

UEIC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 7

How does the Aroon Indicator reflect on UEIC's trend?

Accepted Answer

The Aroon Indicator for UEIC entered a downward trend on August 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.

UEIC Stock Universal Electronics (UEIC, $10.51) price may climb as it broke lower Bollinger Band on May 28, 2024

UEIC in +2.06% Uptrend, growing for three consecutive days on August 07, 2024

General Information