UWMC trade ideas
Bullish divergence on Daily chart, RSI and MACD! Watch for next Friday when the options will expire. This should go up and the puts will expire worthless. Target price : above $7.50 at least.
Lets see if it will hit it.
A bullish divergence is forming on UWMC on the weekly chartMonday after trading hours UWMC will report earnings. So far they have very good earnings and are expected to surprise again. However the stock price is at is lowest, way below the IPO price. There are some unusual option activity in the call side as well. Will see how it goes, but this stock needs some love.
I am in heavy with UWMC.I am HEAVY on this stock before earnings. They told everyone they had record days in Q1, which I think will lead to a record quarter. We shall see Monday, after hours.
UWMC: Pattern After Pattern The bullish momentum is growing$UWMC joined the NYSE on January 22, 2021. During that day we can see that the price reached its minimum at $ 10.95 and the maximum at $ 12.35. Even the lowest historical price from the chart shows that it was around $ 9.90. If we make a measurement from the lowest price we will notice the depreciation of the stock with a value of 20.30%.
On the other side, $UWMC reported a 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock.
So we can say that the company is very solid as long as the profits are very good and they declared a regular quarterly dividend.
The only problem the price is at this level is the fight against $ RKT. But as I see it all will be resolved because no one wants to ruin the business.
🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
UWMC: The Bullish Movement BeganAfter a long period of time in correction and a slow downward movement, the price reacted on the lower support zone. We can see an increase in the price by +14%.
Targets:
$8.8
$9.60
$10.67
$11.52
Thank you and Good Luck!
Previous analysis:
UWMC adjusted Wyckoff events My former placing of Wyckoff events didn't take into account, that UWMC never has been through a distribution/markdown phase, thus not having a "PS" event attached to it.
Since it's a new listing, I'm assuming that the accumulation events still are happening - my theory is that we have already seen the spring and test, leaving a much higher PT, with the SOS event happen at +16,5 in July/August.
With housing prices at ATH and new Capital Gains tax, I assume that housing becomes slightly more attractive to invest in, which could support UWMC's further growth.
SItting with both shares and May Call, but will add some August calls tomorrow.
Uwm chart Looks like it broke from the descending triangle, tested the resistance as support and it’s heading higher.
Now it’s at the next resistance which is ~$8.13
If it breaks thru, the next resistance is at ~$8.86 then ~$9.50.
If it manages to flip the $9.50 resistance and turn it in support then it has a chance to go to its all time high and beyond
UWMC LongI heard about UWMC a while ago but never bothered with it because I didn't think it was time yet to go for it but here I am now :)
1. MACD shows bullish crossover.
2. Double bottom at 7,1-7,2 level.
3. There is a golden cross recently formed at 30-minute chart.
I will wait for further bullish signals because:
1. It hasn't broken out from the downtrend yet.
2. The RSI is pretty neutral.
If it breaks the trend at 8usd, then I might consider going in with a stoploss at 9,2-9,5.
I try to keep this as simple as possible as I, myself, am pretty new to market trading. If there is anything you'd like to criticize or if you just want me to simplify something, just comment.
This is not financial advice! Do your own DD!
UWMC - not out of the woods just yetShort-term bullish on UWMC, but expecting new All time Lows afterwards.
Seems like a Wyckoff accumulation phase is currently evolving - expecting the following to happen:
1. Hype before Q1 statement, driving prices up - supported by other relief rallies in other SPACS
2. Q1 Statement released, fomo buys made by people expecting 10$ to break
3. Short term rally in 10Y-Yields, leading to fear towards investing in mortgage companies
4. New all time lows, Fomo buyers from step 2 capitulates and sells
5. All time low acting as "spring", thus marking the final stage of the accumulation phase. Just when capitulation happens, Russell Inclusion news acts as "reason" for spring to evolve to a jump up in price
6. Sign of strength appears, reaccumulation follows, and markup phase begins.
This is of course just my view, and I expect about a 5-10% chance of the scenario playing out just like mentioned above.
UWMC IdeaI believe this will play out over the next few weeks... there will probably be some retracement along the way but I believe this is an $11 stock easily especially with run up to earnings and housing market being hot as always
UWMC: Strong Reversal After Price Retested The ZoneAfter the price tested the low support area, something I didn't expect to happen again now, we can see a strong reversal move that can push the price higher. I hope this will be the beginning of the upward trend. In my personal opinion, $ UWMC is highly undervalued as a stock.
Targets:
$8.8
$9.60
$10.67
$11.52
Thank you and Good Luck!
UWMC: 7-Another Pattern Added On The ChartThese days in many stocks we have seen many patterns that have formed on top of each other. This is showing a strong bullish moment that continues to grow.
Short Term Targets:
$8.25 or 7%
$8.79 or 13.90%
Extended Targets:
$9.60
$10.67
$11.52
Thank you and Good Luck!
UWMC - LongIs this thing finally on the move? It was suppose to be listed on the Russell last month (March)...then it didn't go through...
I'm anticipating a steady build up to earnings and a move up towards the top of the channel ($9ish).
UWMC: 6-Ready For a Stronger Upward Movement?🐂After the previous idea the price moved down from $7.70 to $7.57 by extended in this way the right shoulder of the pattern. Yesterday at the end of the cash session the price made a very nice movement and recovered +4.89% that are almost all the previous week losses.
For those that are not in this trade yet, the price is ready to break out of the neckline of the "Inverse Head and Shoulders" pattern.
On the 60 min chart, we can see that the price is forming an "Inverse Head & Shoulders" pattern near a strong support zone . From the other side, we have also the 4-hour analysis that is supporting the reversal of the price higher from where it is actually.
Why Is This Stock Undervalued?
UWMC reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock.
So we can say that the company is very solid as long as the profits are very good and they declared a regular quarterly dividend.
Targets on the chart.
Thank you and Good Luck!
Base analysis:
UWMC: Inverse Head & ShouldersOn the 60 min chart, we can see that the price is forming an "Inverse Head & Shoulders" pattern near a strong support zone. From the other side, we have also the 4-hour analysis that is supporting the reversal of the price higher from where it is actually.
Why Is This Stock Undervalued?
UWMC reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock.
So we can say that the company is very solid as long as the profits are very good and they declared a regular quarterly dividend.
Short Term Targets:
$8.25 or 7%
$8.79 or 13.90%
Extended Targets:
$9.60
$10.67
$11.52
Thank you and Good Luck!
4 - hour analysis:
UWMC LongDouble Bottom
RSI Divergence
Demand Zone
Entry 7.75
Stop 7
Target1 11.5
Target2 14
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
UWMC Inverse H&SStill seems like a completed breakout - no momentum to be seen, but this IHS on lower time frame could be the trigger.
UWMC: Let's go for CD LEG of HarmonicThe more the price develops the more data we collect. At the lower part we can see a strong support zone and also a descending channel that is formed there. Probably this can be the right moment for moving higher now as everything looks perfect. I updated the percentages for this idea. The first two targets are very good and the third one corresponds with the CD LEG completion of the Harmonic pattern.
The volume of buyers is growing
Targets:
$9.60 or 21.80%
$10.67 or 35.65%
$11.52 or 41.70%
PS: I will do a step by step analyzing process for this stock ... so don't miss this
Thank you and Good Luck!
UWMC: 3-Why Is This Stock Undervalued?UWMC joined the NYSE on January 22, 2021. During that day we can see that the price reached its minimum at $ 10.95 and the maximum at $ 12.35. Even the lowest historical price from the chart shows that it was around $ 9.90. If we make a measurement from the lowest price we will notice the depreciation of the stock with a value of 20.30%.
From the other side UWM reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021.
So we can say that the company is very solid as long as the profits are very good and they declared regular quarterly dividend.
The only problem the price is at this level is the fight against $ RKT. But as I see it all will be resolved because no one wants to ruin the business.
Thank you and Good Luck!
UWMC: Update 2 - Why Is This Stock Becoming Interesting Now?$UWMC made a full retest of the support zone up to $7.67 like all the other stocks that moved lower yesterday. Today the price made a nice reaction and recovered 6.5%. The support zone is showing its power. The price is making ABC moves that are corrective waves. So as we can see the next minimum target should be $9.6 for another corrective move. If the price is going to get more bullish momentum we have to see for a higher movement again.
The volume of buyers is growing
Targets:
$9.60 or 18.23%
$10.67 or 31.40%
$11.52 or 41.70%
Thank you and Good Luck!
First analysis:
$UWMC: Don't Miss This Buy OpportunityFounded in 1986, UWM is the largest mortgage and purchasing maker in the United States with more than 8,000 dedicated team members.UWM is known for its highly efficient, accurate, and fast lending support. Recently, we have seen UWMC mentioned in one of Reddit's forums called WallStreetBets with some other popular stocks like GME, AG, RKT, AMC, and other top names.
Over the past week, according to a Businesswire report, they released a new product called "Prime Jumbo", that will make them quite innovative and competitive in the market.
PS: I will do a step by step analyzing process for this stock ... so don't miss this
Short Term Technical Analysis: After the deep pullback that the price made on 05-Mar-2021 up to $7.75, we can see a clear reaction that the market wants to push the price higher. The reason I am saying this is that the price reached $10 on 18-March-2021 and after that, it retested the support area again. The support area is set near $8 and as long as it is holding the price for the 3-rd time it gives more value to the potential upward movement. Buy zone: $8.20 - $8.50
Targets:
$9.60 or 18.23%
$10.67 or 10.67%
$11.52 or 11.52%
Thank you and Good Luck!
