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Downtrend ResistanceArchive
- 4/19/2024 -
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Under Armour (UA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Under Armour (UA). During the week, the UA gained 0.18 points, or 2.86%, and closed at 6.47 on Friday, April 19, 2024. Weekly volume was -17% 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 (7.83) 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 price is now at the 10.64% retracement level.
 Weekly Technical Indicators: [See UA 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 UA short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 6.17 and reached 6.58 on April 19, 2024. UA gained -0.41 points, or -6.65%, in 3 days. The price is now at the 26.83% retracement level.
 Daily Technical Indicators: [See UA daily technical indicators chart]
Daily technical indicators are neutral. 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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