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UWM Holdings Corporation

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UWMC trade ideas

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.
NYSE:UWMCLong
by KlejdiCuni
27
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.
NYSE:UWMCLong
by Veuvee
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!
NYSE:UWMCLong
by Slothie
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.
NYSE:UWMCLong
by Veuvee
4
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:
NYSE:UWMCLong
by KlejdiCuni
11
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:
NYSE:UWMCLong
by KlejdiCuni
18
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!
NYSE:UWMCLong
by KlejdiCuni
41
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!
NYSE:UWMCLong
by KlejdiCuni
40
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:
NYSE:UWMCLong
by KlejdiCuni
32
$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!
NYSE:UWMCLong
by KlejdiCuni
12
UWM is turning around, have a good feelings about this!There has been a lot of drama lately in the SPAC market ( SPACK ATACK) as most of them have lost significantly. However IMO this could be a long term profitable holding. Here are the good news : We see higher lows and the bottom has been set. Macd has turned bullish on March 2nd and remained there. If Macd will cross above zero, bullish trend is confirmed. We also will need to break above $10 and stay above it to confirm bullish move which may take another couple of weeks. This is not a financial advice.
NYSE:UWMCLong
by w0nderw0man