Univest Corporation of Pennsylvania Stock Forecast
Univest Corporation of Pennsylvania stock price ended at $18.44 on Wednesday, after losing 0.0542%.
(Updated on Apr 17, 2024)
The Univest Corporation of Pennsylvania stock price fell by -0.0542% on the last day (Wednesday, 17th Apr 2024) from $18.45 to $18.44. During the last trading day the stock fluctuated 2.06% from a day low at $18.42 to a day high of $18.80. The price has fallen in 6 of the last 10 days and is down by -6.35% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 81 thousand shares were bought and sold for approximately $1.50 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between $16.78 and $19.09 at the end of this 3-month period.
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UVSP Signals & Forecast
There are few to no technical positive signals at the moment. The Univest Corporation of Pennsylvania stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.86 and $19.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 30, 2024, and so far it has fallen -16.41%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Univest Corporation of Pennsylvania stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.380 between high and low, or 2.06%. For the last week, the stock has had daily average volatility of 2.11%.
Univest Corporation of Pennsylvania is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UVSP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Univest Corporation of Pennsylvania to open at $18.55, and during the day (based on 14 day Average True Range), to move between $17.94 and $18.94, which gives a possible trading interval of +/-$0.501 (+/-2.72%) up or down from last closing price. If Univest Corporation of Pennsylvania takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $20.82, some $2.38 (12.91%) from the current price of $18.44, our system finds the risk reward not very attractive.
Earnings coming up
Univest Corporation of Pennsylvania will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.480. We will update the financials statements for Univest Corporation of Pennsylvania, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.70% in the first trading day after earnings release.
Is Univest Corporation of Pennsylvania stock A Buy?
Univest Corporation of Pennsylvania holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.698 Sell Candidate Unchanged
Predicted Opening Price for Univest Corporation of Pennsylvania of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $18.55 ( 0.615%) | $18.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UVSP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.93 | 2.68 % | |
| R2 | 18.79 | 1.89 % | ||
| R1 | 18.70 | 1.40 % | ||
| Current price: | 18.44 | |||
| Support | S1 | 18.41 | -0.173 % | |
| S2 | 18.32 | -0.659 % | ||
| S3 | 18.17 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.06 | 19.63 % | |
| R2 | 21.24 | 15.18 % | ||
| R1 | 20.82 | 12.91 % | ||
| Current price | 18.44 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
UVSP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.210 | 1.05% |
| 2 | Oct 25, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.210 | 1.12% |
| 3 | Jul 26, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.210 | 1.17% |
| 4 | Apr 26, 2023 | May 09, 2023 | May 24, 2023 | $0.210 | 1.12% |
| 5 | Jan 25, 2023 | Feb 07, 2023 | Feb 22, 2023 | $0.210 | 0.748% |
FAQ
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