Technical Signal Analysis for United Microelectronics Corporation (NYSE:UMC)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of United Microelectronics Corporation (NYSE:UMC) for the period of 9-Day stands at 81.95% while the stochastic %D for the same period stands at 74.32%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of United Microelectronics Corporation (NYSE:UMC) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for United Microelectronics Corporation (NYSE:UMC) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently United Microelectronics Corporation (NYSE:UMC)’s 20-Day Bollinger Band indicates “Hold”.

About Company

UMC specializes in providing foundry services for high performance semiconductor applications. Its core competency lies in its ability to produce high yield Integrated Circuit wafers, manufactured on a per-customer basis. The company draws its distinction from industry leading technology. In addition to wafer manufacturing, its customers benefit from services such as extensive IP resources, free-of-charge design libraries, and full front-end and backend support.

Previous Day Activity Analysis

On the last trading day, United Microelectronics Corporation (NYSE:UMC) opened the session at $2.61 and after going up 1.92% closed at $2.65. The stock gained 0.04 points in the last trade.

United Microelectronics Corporation (NYSE:UMC)’s stock fluctuated in the range of $2.61 and $2.66 during the previous active session. United Microelectronics Corporation (NYSE:UMC) traded with the volume of 1.12 Million with average volume of 1.96 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0.54 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.04 and 67.1 respectively.

Currently the Insider Ownership of the shares of United Microelectronics Corporation (NYSE:UMC) is at 0% and the shares outstanding are 2.51 Billion.

Important Ratio Analysis

Some important ratios to consider here for United Microelectronics Corporation (NYSE:UMC) are discussed below:

Dividend yield of United Microelectronics Corporation (NYSE:UMC) stands at 3.02% whereas Price to Earnings P/E ratio stands at 21.03 while Forward P/E shows the value of 17.67.

The PEG ratio (Price to Earning to Growth) emits the value of 1.05. The Price to Sale P/S and Price to Book P/B shows the value of 1.32 and 0.92 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 2.91 and 4.09 correspondingly.

The Quick Ratio of United Microelectronics Corporation (NYSE:UMC) stands at 1.2 while the Current Ratio depicts the value of 1.4.

Return on Assets ROA of United Microelectronics Corporation (NYSE:UMC) is at 2.6% whereas, Return on Equity ROE and Return of Investment ROI of United Microelectronics Corporation (NYSE:UMC) stand at 4.6% and 1.2% respectively.

The payout ratio of United Microelectronics Corporation (NYSE:UMC) stands at 61.6%.

Stock Performance Analysis

The stock performance of United Microelectronics Corporation (NYSE:UMC) on the basis of 5 day trade show the jump of 3.11% whereas, the monthly performance of the stock shows increase of 0.76%.

The quarterly performance of the stock remained in green zone with the value of 9.5% while six month performance of the shares of United Microelectronics Corporation (NYSE:UMC) remained bullish with the count of 36.6%.

The yearly and YTD performance of United Microelectronics Corporation (NYSE:UMC) remained up at 43.24% and 51.43% respectively.