Umbra Applied Technologies Group Inc (OTCMKTS:UATG) Trading Outlook
UMBRA APLD TECH closed up 0.030 at 0.730. Volume was 96% above average (neutral) and Bollinger Bands were 25% wider than normal.
Open High Low Close Volume___
0.670 0.730 0.670 0.730 9,285
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.52 0.51 0.61
Volatility: 185 191 487
Volume: 7,720 6,107 3,138
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
UMBRA APLD TECH is currently 19.4% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into UATG.PK (bullish). Our trend forecasting oscillators are currently bullish on UATG.PK and have had this outlook for the last 3 periods.
Candlesticks
A big white candle occurred.
This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 5 white candles and 0 black candles for a net of 5 white candles. During the past 50 bars, there have been 24 white candles and 8 black candles for a net of 16 white candles.
Three white soldiers occurred. This is bullish and often signifies a bottom.
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