United Security Bancshares Stock Forecast
United Security Bancshares stock price up 2.39% on Thursday
(Updated on Mar 28, 2024)
The United Security Bancshares stock price gained 2.39% on the last trading day (Thursday, 28th Mar 2024), rising from $7.53 to $7.71. During the last trading day the stock fluctuated 2.03% from a day low at $7.56 to a day high of $7.71. The price has risen in 5 of the last 10 days and is up by 2.8% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 27 thousand shares were bought and sold for approximately $204.55 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $7.89 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.12% during the next 3 months and, with a 90% probability hold a price between $6.43 and $7.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UBFO Signals & Forecast
The United Security Bancshares 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 $7.52 and $7.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 7.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for United Security Bancshares stock
United Security Bancshares finds support from accumulated volume at $7.53 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 $0.154 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 2.70%
Our recommended stop-loss: $7.45 (-3.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (UBFO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect United Security Bancshares to open at $7.66, and during the day (based on 14 day Average True Range), to move between $7.53 and $7.89, which gives a possible trading interval of +/-$0.178 (+/-2.30%) up or down from last closing price. If United Security Bancshares takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.81 (1.30%) than the support at $7.53 (2.33%), 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 United Security Bancshares stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.468 Buy Candidate Unchanged
Predicted Opening Price for United Security Bancshares of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$7.66 ( 0.665%) | $7.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBFO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.81 | 1.33 % | |
R2 | 7.75 | 0.567 % | ||
R1 | 7.72 | 0.0970 % | ||
Current price: | 7.71 | |||
Support | S1 | 7.60 | -1.43 % | |
S2 | 7.56 | -1.90 % | ||
S3 | 7.51 | -2.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.41 | 9.08 % | |
R2 | 8.27 | 7.26 % | ||
R1 | 7.81 | 1.30 % | ||
Current price | 7.71 | |||
Support | S1 | 7.53 | -2.33% | |
S2 | 7.36 | -4.54% | ||
S3 | 7.30 | -5.32% |
UBFO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | $0 | 0% |
2 | Sep 26, 2023 | Oct 06, 2023 | Oct 25, 2023 | $0.120 | 1.64% |
3 | Jun 27, 2023 | Jul 07, 2023 | Jul 24, 2023 | $0.120 | 1.62% |
4 | Mar 28, 2023 | Apr 05, 2023 | Jul 24, 2023 | $0.110 | 1.48% |
5 | Dec 21, 2022 | Jan 03, 2023 | Jan 19, 2023 | $0.110 | 1.35% |
FAQ
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