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Archive
- 4/26/2024 -
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Under Armour (UA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Under Armour (UA). During the week, the UA gained 0.08 points, or 1.24%, and closed at 6.55 on Friday, April 26, 2024. Weekly volume was -37% below average.
 Long-term trend: [See UA long-term trend chart]
A long-term uptrend had started on September 27, 2023 at 5.86 and reached 8.99 on December 20, 2023. UA gained -3.13 points, or -53.41%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (7.90) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See UA medium-term trend chart]
A medium-term downtrend had started on December 20, 2023 at 8.99 and reached 6.17 on April 16, 2024. UA lost 2.82 points, or 31.37%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 6.07 and resistance is at 8.42. 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 medium-term trend.
 Weekly Technical Indicators: [See UA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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 UA short-term trend chart]
A short-term downtrend had started on February 29, 2024 at 8.68 and reached 6.17 on April 16, 2024. UA lost 2.51 points, or 28.92%, in 47 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (6.57). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See UA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 18, 2024.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
4 |
| Industry |
Apparel, Accessories & Luxury Goods |
12 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
6.17 |
| Low Date |
04/16/2024 |
| High |
6.68 |
| High Date |
04/23/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Resistance |
| Resistance |
6.57 |
| Support |
5.94 |
| High |
8.68 |
| High Date |
02/29/2024 |
| Low |
6.17 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
8.42 |
| Support |
6.07 |
| High |
8.99 |
| High Date |
12/20/2023 |
| Low |
6.17 |
| Low Date |
04/16/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
8.42 |
| Support |
7.90 |
| Low |
5.86 |
| Low Date |
09/27/2023 |
| High |
8.99 |
| High Date |
12/20/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
23.00 |
| High Date |
11/04/2021 |
| Low |
5.74 |
| Low Date |
09/30/2022 |
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