UMC trading volume has added 345387 shares compared to readings over the past three months as it recently exchanged 1098507 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 753120 shares, and this is 1.46 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 48.04 point.
United Microelectronics Corporation (NYSE:UMC) climbed by 5.14% over the past three months which led to its overall six-month decrease to stand at -27.27%. The equity price sank -4.17% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 3.37% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -29.5% and is now up by 2.79% since start of this year.
The shares of United Microelectronics Corporation dropped by -41.4% or -$1.3 from its last recorded high of $3.14 which it attained on June 13 to close at $1.84 per share. Over the past 52 weeks, the shares of United Microelectronics Corporation has been trading as low as $1.64 before witnessing a massive surge by 12.2% or $0.2. This price movement has led to the UMC stock receiving more attention and has become one to watch out for. It dipped by -1.08% on Thursday and this got the market worried. The stock’s beta now stands at 0.76 and when compared to its 200-day moving average and its 50-day moving average, UMC price stands -19.07% below and 0.17% above respectively. Its average daily volatility for this week is 1.19% which is less than the 1.65% recorded over the past month.
Experts from research firms are bullish about the near-term performance of United Microelectronics Corporation (UMC) with most of them predicting a $1.49 price target on a short-term (12 months) basis. The average price target by the analysts will see a -19.02% rise in the stock and would lead to UMC’s market cap to surge to $3.78B. The stock has been rated an average 4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 1 analysts that track United Microelectronics Corporation (NYSE:UMC) and find out that 0 of them rated it as a Hold. 0 of the 1 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
The price of Manulife Financial Corporation (NYSE:MFC) currently stands at $16.85 after it went down by $-0.22 or -1.29% and has found a strong support at $16.75 a share. If the MFC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $16.66 mark would also be bad for the stock as it means that the stock would plunge by 1.13% from its current position. However, if the stock price is able to trade above the resistance point around $17, then it could likely surge higher to try and break the upward resistance which stands at $17.16 a share. Its average daily volatility over the past one month stands at 1.87%. The stock has plunged by 0.24% from its 52-weeks high of $16.81 which it reached on May. 22, 2018. In general, it is 20.89% above its 52-weeks lowest point which stands at $13.33 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Manulife Financial Corporation (MFC) for 1 year and it stands at an average $20.84/share. This means that it would likely increase by 23.68% from its current position. The current price of the stock has been moving between $16.81 and $17.06. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $17.82. On the other hand, one analyst is super bullish about the price, setting a target as high as $26.43.
The MFC stock Stochastic Oscillator (%D) is at 58.89%, which means that it is currently neutral. The shares P/S ratio stands at 1.14 which compares to the 1.24 recorded by the industry or the 10.69 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 5.4, which is lower than the 10.45 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 6.3% over the past five years.
Analysts view Manulife Financial Corporation (NYSE:MFC) as a Buy, with 1.5 consensus rating. Reuters surveyed 16 analysts that follow MFC and found that 2 of those analysts rated the stock as a Hold. The remaining 14 were divided, with 14 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Manulife Financial Corporation (MFC) shares or sell it if they already own it.