UMC Price Prediction Next Week
Technical Analysis: UMC's stock has shown a downward trend in recent trading sessions, with the price declining from $7.36 on February 20 to $7.16 on February 23. The current price of $6.45 indicates further weakness.
News Impact: Recent reports show positive fundamental developments:
- January 2025 sales increased by 4.17% YoY to NT$19.8 billion, indicating steady business growth
- The company maintains strong global presence with operations across major markets
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Support level: $6.40
- Resistance level: $6.70
- Expected trading range: $6.35-$6.75
Target price scenarios:
- Bearish case (60% probability): $6.35
- Base case (30% probability): $6.50
- Bullish case (10% probability): $6.70
Trading Recommendation: SELL with target price of $6.35 Rationale:
- Bearish technical momentum with declining volume
- Price trading below key moving averages
- Weak market sentiment in semiconductor sector
- Stock showing relative weakness compared to broader market
Key risk factors:
- Potential semiconductor sector rebound
- Better-than-expected Q1 earnings
- Overall market sentiment improvement
UMC Similar Chart Price Prediction
The price of UMC is predicted to go up 1.13%, based on the high correlation periods with BCSF. The similarity of these two price pattern on the periods is 95.41%.
UMC
BCSF
Up: 1.13%Similarity: 95.41%
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UMC Analyst's Forecast
Roland Shu
Citigroup
Strong Buy → Strong Sell
2025-01-21
Price Target
n/a
Downside
0%
Citi analyst Laura Chen downgraded UMC to Sell from Buy.
Gokul Hariharan
JP Morgan
Buy → Hold
2024-10-30
Price Target
n/a
Downside
0%
Joseph Moore
Morgan Stanley
Buy → Hold
2024-10-28
Price Target
n/a
Downside
0%
