Union Pacific Corporation Stock Forecast
Union Pacific Corporation stock price up 1.18% on Thursday
(Updated on May 02, 2024)
The Union Pacific Corporation stock price gained 1.18% on the last trading day (Thursday, 2nd May 2024), rising from $234.91 to $237.69. During the last trading day the stock fluctuated 2.08% from a day low at $233.21 to a day high of $238.05. The price has been going up and down for this period, and there has been a 3.43% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 459 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $462.98 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.31% during the next 3 months and, with a 90% probability hold a price between $209.27 and $224.29 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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UNP Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $238.43 and $239.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -2.41%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Union Pacific Corporation stock
Union Pacific Corporation finds support from accumulated volume at $236.85 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.85 between high and low, or 2.08%. For the last week the stock has had daily average volatility of 1.69%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Union Pacific Corporation to open at $236.32, and during the day (based on 14 day Average True Range), to move between $233.40 and $241.98, which gives a possible trading interval of +/-$4.29 (+/-1.80%) up or down from last closing price. If Union Pacific Corporation takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $236.85 (0.35%) than the resistance at $240.69 (1.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -3.185 Sell Candidate Unchanged
Predicted Opening Price for Union Pacific Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $236.32 ( 0.578%) | $237.69 |
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 | 241.16 | 1.46 % | |
| R2 | 239.31 | 0.681 % | ||
| R1 | 238.17 | 0.200 % | ||
| Current price: | 237.69 | |||
| Support | S1 | 234.46 | -1.36 % | |
| S2 | 233.32 | -1.84 % | ||
| S3 | 231.47 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 249.87 | 5.12 % | |
| R2 | 243.55 | 2.47 % | ||
| R1 | 240.69 | 1.26 % | ||
| Current price | 237.69 | |||
| Support | S1 | 236.85 | -0.353% | |
| S2 | 236.29 | -0.589% | ||
| S3 | 231.98 | -2.40% |
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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