UNITIL Corporation Stock Forecast
UNITIL Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The UNITIL Corporation stock price gained 2.09% on the last trading day (Wednesday, 27th Mar 2024), rising from $50.72 to $51.78. During the last trading day the stock fluctuated 1.44% from a day low at $51.23 to a day high of $51.97. The price has been going up and down for this period, and there has been a 0.08% gain for the last 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 19 thousand shares were bought and sold for approximately $987.39 thousand. 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 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 2.21% during the next 3 months and, with a 90% probability hold a price between $49.32 and $54.13 at the end of this 3-month period.
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UTL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -1.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The UNITIL Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $51.33 and $50.76. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for UNITIL Corporation stock
UNITIL Corporation finds support from accumulated volume at $50.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.740 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 2.24%
Our recommended stop-loss: $49.79 (-3.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (UTL) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect UNITIL Corporation to open at $51.66, and during the day (based on 14 day Average True Range), to move between $50.58 and $52.98, which gives a possible trading interval of +/-$1.20 (+/-2.31%) up or down from last closing price. If UNITIL Corporation takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.82 (0.08%) than the support at $50.92 (1.66%), 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.
Is UNITIL Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for UNITIL Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.847 Buy Candidate Upgraded
Predicted Opening Price for UNITIL Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$51.66 ( 0.232%) | $51.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.40 | 1.20 % | |
R2 | 52.12 | 0.651 % | ||
R1 | 51.94 | 0.314 % | ||
Current price: | 51.78 | |||
Support | S1 | 51.38 | -0.778 % | |
S2 | 51.20 | -1.11 % | ||
S3 | 50.92 | -1.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.19 | 0.792 % | |
R2 | 52.03 | 0.483 % | ||
R1 | 51.82 | 0.0772 % | ||
Current price | 51.78 | |||
Support | S1 | 50.92 | -1.66% | |
S2 | 48.06 | -7.18% | ||
S3 | 47.74 | -7.80% |
UTL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 13, 2024 | Feb 13, 2024 | Feb 29, 2024 | $0.425 | 0.83% |
2 | Oct 23, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.410 | 0.84% |
3 | Jul 26, 2023 | Aug 11, 2023 | Aug 28, 2023 | $0.405 | 0.85% |
4 | Apr 26, 2023 | May 15, 2023 | May 30, 2023 | $0.405 | 0.776% |
5 | Jan 25, 2023 | Feb 13, 2023 | Feb 28, 2023 | $0.405 | 0.746% |
FAQ
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