Union Pacific Corporation Stock Forecast
Green day on Friday for Union Pacific Corporation stock after gaining 0.99%
(Updated on Apr 19, 2024)
The Union Pacific Corporation stock price gained 0.99% on the last trading day (Friday, 19th Apr 2024), rising from $229.81 to $232.08. During the last trading day the stock fluctuated 1.04% from a day low at $230.43 to a day high of $232.81. The price has fallen in 7 of the last 10 days and is down by -4.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 136 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $339.93 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $228.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.55% during the next 3 months and, with a 90% probability hold a price between $218.43 and $238.07 at the end of this 3-month period.
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UNP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.24%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Union Pacific Corporation 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 $232.41 and $243.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Union Pacific Corporation stock
Union Pacific Corporation finds support from accumulated volume at $231.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.38 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Union Pacific Corporation is oversold on RSI14 (23). 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 (UNP) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Union Pacific Corporation to open at $231.77, and during the day (based on 14 day Average True Range), to move between $228.49 and $235.67, which gives a possible trading interval of +/-$3.59 (+/-1.55%) up or down from last closing price. If Union Pacific Corporation takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $231.26 (0.35%) than the resistance at $240.69 (3.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Union Pacific Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.53. We will update the financials statements for Union Pacific Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.86% in the first trading day after earnings release.
Is Union Pacific Corporation stock A Buy?
Union Pacific Corporation holds several negative signals and is within a 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: -1.712 Sell Candidate Unchanged
Predicted Opening Price for Union Pacific Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$231.77 ( 0.133%) | $232.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 234.16 | 0.89 % | |
R2 | 233.25 | 0.502 % | ||
R1 | 232.68 | 0.260 % | ||
Current price: | 232.08 | |||
Support | S1 | 230.86 | -0.525 % | |
S2 | 230.30 | -0.768 % | ||
S3 | 229.39 | -1.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 249.87 | 7.67 % | |
R2 | 241.57 | 4.09 % | ||
R1 | 240.69 | 3.71 % | ||
Current price | 232.08 | |||
Support | S1 | 231.26 | -0.353% | |
S2 | 229.81 | -0.98% | ||
S3 | 229.23 | -1.23% |
UNP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 29, 2024 | Mar 29, 2024 | $1.30 | 0.529% |
2 | Feb 08, 2024 | Feb 28, 2024 | Mar 29, 2024 | $1.30 | 0.529% |
3 | Nov 28, 2023 | Dec 07, 2023 | Dec 28, 2023 | $1.30 | 0.528% |
4 | Jul 26, 2023 | Aug 31, 2023 | Sep 29, 2023 | $1.30 | 0.638% |
5 | Jul 26, 2023 | Aug 30, 2023 | Sep 29, 2023 | $1.30 | 0.638% |
FAQ
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