Free Universal Music Group N.V. (UMG) Technical Analysis Signals | Free Stock Technical Analysis Signals | 06 Mar

Overal Signals
Hold
Signals
Neutral Buy Neutral Neutral
Last Update / Period
06 Mar / Daily
Category/Currency
Stock/USD
Exchange/Country
XAMS/--

Universal Music Group N.V. (UMG) signal with technical analysis on 06 Mar

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 86 suggested buy signal strategies, while 64 indicated sell signal strategies. The remaining 106 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 17
Sell Signals: 20
Neutral Signals: 27
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 24
Sell Signals: 10
Neutral Signals: 30
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 22
Sell Signals: 16
Neutral Signals: 26
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 23
Sell Signals: 18
Neutral Signals: 23
Result: This strategy leads to a Neutral position.

Overal Strategy :
Buy Signals: 86
Sell Signals: 64
Neutral Signals: 106
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Universal Music Group N.V. (UMG) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.


SNResult: Looking at the technical analysis for Universal Music Group N.V. (UMG) on th, it appears that there is a tendency toward a sell signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.

According to the above signals and forecasts, we recommend the following methods:
Universal Music Group N.V. (UMG) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), it is recommended to choose the optimal time to exit the current position based on the combination of technical analysis signals. If you have a high risk tolerance, wait for the market to move in the coming days.
Universal Music Group N.V. (UMG) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), holding your position may be the right strategy based on the consensus of our technical analysis signals. However, always be careful and monitor market developments closely.
For new positions: If you are not currently invested or are considering switching to a sell position (short position), it is recommended to consider the expected price range, which represents a potential downside of 12.91% based on the lowest expected price. Before entering into a selling position, be careful and do thorough research to ensure it is compatible with your risk tolerance and investment objectives.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Universal Music Group N.V. (UMG) holdings.

Universal Music Group N.V. (UMG) Price Analysis and Support Levels:

In our current Universal Music Group N.V. (UMG) position, we find ourselves in a short position, anticipating a potential downward trend in the market. It's essential to have a clear understanding of the support levels that can come into play. These levels act as key reference points for traders and investors to make informed decisions.

First Support Level: 25.75
The initial support level at 25.75 is where we are closely monitoring the price. It serves as a critical point in our analysis. If the current downward trend persists without any signs of reversal, this level may be breached. This would imply that the selling pressure is quite substantial and might indicate further potential for price depreciation.

Second Support Level: 24.125
In the event that the first support level at 25.75 is broken, the second support level at 0 becomes pivotal. Breaking this level suggests a stronger downward momentum, which could be attributed to market sentiment, external factors, or a combination of both.

Third Support Level: 22.67
Now, if the price continues to decline, and the second support level at 24.125 is confirmed as broken, it would signal a significant shift in market dynamics. Remaining below this level would be a strong indication that the downward trend is persisting. In this scenario, it's not uncommon for traders to anticipate the next level of support, which is at 22.67.

It's crucial to remember that these support levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Universal Music Group N.V. (UMG), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Universal Music Group N.V. (UMG) trading. By paying attention to these support levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Universal Music Group N.V. (UMG) technical analysis chart

Universal Music Group N.V. (UMG) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 25.75 24.125 22.67 20.571 18.092
Universal Music Group N.V. (UMG) price movement in the coming days

Universal Music Group N.V. (UMG) signals list for 06 Mar

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Universal Music Group N.V. (UMG) candlestick patterns on 06 Mar

Today's Universal Music Group N.V. (UMG) Candle Patterns List:

Doji Hikkake Pattern Long Legged Doji Rickshaw Man High-Wave Candle Short Line Candle Spinning Top

Universal Music Group N.V. (UMG) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Mar Hold NeutralHoldNeutralNeutral
2 04 Mar Hold HoldHoldHoldHold
3 01 Mar Hold HoldHoldHoldHold
4 29 Feb Buy BuyBuyBuyBuy
5 28 Feb Hold HoldHoldHoldHold
6 27 Feb Sell SellHoldHoldHold
7 26 Feb Buy BuyHoldHoldHold
8 23 Feb Hold NeutralHoldHoldHold
9 22 Feb Hold NeutralHoldHoldHold
10 21 Feb Hold NeutralHoldHoldHold
11 20 Feb Hold HoldHoldHoldHold
12 19 Feb Hold HoldHoldHoldHold
13 16 Feb Hold HoldHoldHoldHold
14 15 Feb Sell HoldHoldHoldSell
15 14 Feb Sell SellSellSellNeutral
16 13 Feb Hold NeutralNeutralNeutralNeutral
17 12 Feb Neutral HoldNeutralNeutralNeutral
18 09 Feb Buy BuyNeutralNeutralNeutral
19 08 Feb Hold NeutralHoldNeutralNeutral
20 07 Feb Hold NeutralSellNeutralNeutral
21 06 Feb Hold HoldNeutralNeutralHold
22 05 Feb Sell HoldHoldNeutralHold
23 02 Feb Hold HoldSellNeutralHold
24 01 Feb Neutral HoldNeutralHoldHold
25 31 Jan Sell SellNeutralHoldHold
26 30 Jan Buy BuyHoldHoldHold
27 29 Jan Hold NeutralHoldHoldHold
28 26 Jan Hold HoldHoldHoldHold
29 25 Jan Hold HoldHoldHoldHold
30 24 Jan Hold HoldHoldHoldHold

Users forecasts for Universal Music Group N.V. (UMG)

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