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Uptrend Broken SupportArchive
- 4/5/2024 -
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UDR Inc (UDR) Technical Analysis
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| Summary:
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| | It was the negative week for the UDR Inc (UDR). During the week, the UDR dropped -0.90 points, or -2.41%, and closed at 36.51 on Friday, April 5, 2024. Weekly volume was -28% below average.
UDR is a member of Real Estate Sector. Real Estate is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See UDR long-term trend chart]
A long-term downtrend had started on February 16, 2023 at 45.46 and reached 30.95 on November 1, 2023. UDR lost 14.51 points, or 31.92%, in 36 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 26.32 and resistance is at 41.33. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See UDR medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 30.95 and reached 39.10 on January 12, 2024. UDR gained -8.15 points, or -26.33%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 35.86 and resistance is at 37.90. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See UDR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See UDR short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 38.28 and reached 35.82 on April 3, 2024. UDR lost 2.46 points, or 6.43%, in 23 days. The price is now at the 28.05% retracement level.
 Daily Technical Indicators: [See UDR 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. 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 daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has declined below 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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