UMH Properties Inc Stock Forecast
UMH Properties Inc stock upgraded from Strong Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The UMH Properties Inc stock price gained 1.15% on the last trading day (Wednesday, 8th May 2024), rising from $15.72 to $15.90. During the last trading day the stock fluctuated 2.22% from a day low at $15.57 to a day high of $15.91. The price has been going up and down for this period, and there has been a 1.34% gain for the last 2 weeks. Volume fell on the last day by -149 thousand shares and in total, 222 thousand shares were bought and sold for approximately $3.53 million. 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 wide and 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 6.61% during the next 3 months and, with a 90% probability hold a price between $16.04 and $17.96 at the end of this 3-month period.
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UMH Signals & Forecast
The UMH Properties Inc 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 $15.79 and $15.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.58%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for UMH Properties Inc stock
UMH Properties Inc finds support from accumulated volume at $15.72 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 $0.345 between high and low, or 2.22%. For the last week the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: $15.37 (-3.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (UMH) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect UMH Properties Inc to open at $15.79, and during the day (based on 14 day Average True Range), to move between $15.54 and $16.26, which gives a possible trading interval of +/-$0.362 (+/-2.28%) up or down from last closing price. If UMH Properties Inc takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.72 (1.13%) than the resistance at $16.14 (1.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UMH Properties Inc 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 UMH Properties Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 2.638 Buy Candidate Upgraded
Predicted Opening Price for UMH Properties Inc of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$15.79 ( 0.681%) | $15.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.14 | 1.49 % | |
R2 | 16.00 | 0.660 % | ||
R1 | 15.92 | 0.148 % | ||
Current price: | 15.90 | |||
Support | S1 | 15.66 | -1.51 % | |
S2 | 15.58 | -2.02 % | ||
S3 | 15.45 | -2.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.24 | 2.14 % | |
R2 | 16.23 | 2.08 % | ||
R1 | 16.14 | 1.51 % | ||
Current price | 15.90 | |||
Support | S1 | 15.72 | -1.13% | |
S2 | 15.40 | -3.14% | ||
S3 | 14.36 | -9.69% |
UMH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | May 14, 2024 | Jun 17, 2024 | $0.215 | 1.35% |
2 | Jan 10, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.205 | 1.31% |
3 | Oct 02, 2023 | Nov 14, 2023 | Dec 15, 2023 | $0.210 | 1.39% |
4 | Jul 03, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.205 | 1.41% |
5 | Apr 03, 2023 | May 12, 2023 | Jun 15, 2023 | $0.205 | 1.26% |
FAQ
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