United Microelectronics Corp (UMC) Stock: What Does the Chart Say Friday?

The market has been down on United Microelectronics Corp (UMC) stock recently. UMC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

United Microelectronics Corp has a Bearish 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 $7.05 as of 1:28 PM on Friday, Oct 27, a drop of -$0.07, or -0.98% from the previous closing price of $7.12. The stock has traded between $7.03 and $7.15 so far today. Volume today is less active than usual. So far 2,034,049 shares have traded compared to average volume of 6,353,270 shares. To see InvestorsObserver's Sentiment Score for 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.