UGI Corporation Stock Forecast
UGI Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The UGI Corporation stock price gained 0.196% on the last trading day (Tuesday, 23rd Apr 2024), rising from $25.48 to $25.53. During the last trading day the stock fluctuated 2.08% from a day low at $25.23 to a day high of $25.75. The price has been going up and down for this period, and there has been a 2.16% gain for the last 2 weeks. Volume fell on the last day by -494 thousand shares and in total, 2 million shares were bought and sold for approximately $43.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.86% during the next 3 months and, with a 90% probability hold a price between $24.34 and $27.47 at the end of this 3-month period.
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UGI Signals & Forecast
The UGI Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $24.41 and $24.52. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for UGI Corporation stock
UGI Corporation finds support from accumulated volume at $25.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.525 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: $24.60 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (UGI) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect UGI Corporation to open at $25.50, and during the day (based on 14 day Average True Range), to move between $24.79 and $26.27, which gives a possible trading interval of +/-$0.741 (+/-2.90%) up or down from last closing price. If UGI Corporation takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.56 (0.12%) than the support at $25.10 (1.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
UGI Corporation will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.65. We will update the financials statements for UGI Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.67% in the first trading day after earnings release.
Is UGI Corporation stock A Buy?
UGI Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.736 Hold/Accumulate Upgraded
Predicted Opening Price for UGI Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $25.50 ( 0.111%) | $25.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.03 | 1.95 % | |
| R2 | 25.83 | 1.16 % | ||
| R1 | 25.70 | 0.675 % | ||
| Current price: | 25.53 | |||
| Support | S1 | 25.30 | -0.90 % | |
| S2 | 25.18 | -1.38 % | ||
| S3 | 24.98 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 25.74 | 0.82 % | ||
| R1 | 25.56 | 0.118 % | ||
| Current price | 25.53 | |||
| Support | S1 | 25.10 | -1.68% | |
| S2 | 24.54 | -3.88% | ||
| S3 | 24.07 | -5.72% |
UGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.375 | 1.56% |
| 2 | Nov 16, 2023 | Dec 14, 2023 | Jan 01, 2024 | $0.375 | 1.52% |
| 3 | Aug 02, 2023 | Sep 14, 2023 | Oct 01, 2023 | $0.375 | 1.63% |
| 4 | May 03, 2023 | Jun 14, 2023 | Oct 01, 2023 | $0.375 | 1.63% |
| 5 | Feb 01, 2023 | Mar 14, 2023 | Apr 01, 2023 | $0.360 | 1.04% |
FAQ
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