Should You Buy United Microelectronics Corp (UMC) Stock After it Has Gained 5.86% in a Week?

United Microelectronics Corp (UMC) stock has gained 5.86% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

United Microelectronics Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UMC!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With UMC Stock Today?

United Microelectronics Corp (UMC) stock is trading at $7.95 as of 10:16 AM on Monday, Nov 20, a gain of $0.11, or 1.34% from the previous closing price of $7.85. The stock has traded between $7.88 and $7.96 so far today. Volume today is below average. So far 514,505 shares have traded compared to average volume of 6,822,324 shares. To screen for more stocks like United Microelectronics Corp click here.

More About United Microelectronics Corp

United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2021, according to Gartner, after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people. Click Here to get the full Stock Report for United Microelectronics Corp stock.