UMH Properties Inc Stock Forecast
UMH Properties Inc stock downgraded from Buy Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The UMH Properties Inc stock price fell by -0.380% on the last day (Tuesday, 7th May 2024) from $15.78 to $15.72. During the last trading day the stock fluctuated 2.14% from a day low at $15.66 to a day high of $15.99. The price has been going up and down for this period, and there has been a 0.83% gain for the last 2 weeks. Volume has increased on the last day by 73 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, 371 thousand shares were bought and sold for approximately $5.84 million.
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 6.88% during the next 3 months and, with a 90% probability hold a price between $16.09 and $18.00 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UMH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The UMH Properties Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15.79 and $15.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.67%. Further fall is indicated until a new bottom pivot has been found. 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 UMH Properties Inc stock
UMH Properties Inc finds support from accumulated volume at $15.52 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 $0.335 (2.14%) between high and low. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UMH) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect UMH Properties Inc to open at $15.79, and during the day (based on 14 day Average True Range), to move between $15.36 and $16.08, which gives a possible trading interval of +/-$0.363 (+/-2.31%) up or down from last closing price. If UMH Properties Inc takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.52 (1.27%) than the resistance at $16.14 (2.67%), 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?
The UMH Properties Inc stock holds several negative signals and despite the positive trend, we believe UMH Properties Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -6.060 Strong Sell Candidate Downgraded
Predicted Opening Price for UMH Properties Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $15.79 ( 0.435%) | $15.72 |
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 | 16.12 | 2.57 % | |
| R2 | 16.00 | 1.75 % | ||
| R1 | 15.92 | 1.25 % | ||
| Current price: | 15.72 | |||
| Support | S1 | 15.66 | -0.379 % | |
| S2 | 15.58 | -0.88 % | ||
| S3 | 15.45 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.24 | 3.31 % | |
| R2 | 16.23 | 3.24 % | ||
| R1 | 16.14 | 2.67 % | ||
| Current price | 15.72 | |||
| Support | S1 | 15.52 | -1.27% | |
| S2 | 15.40 | -2.04% | ||
| S3 | 14.36 | -8.65% |
UMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | May 14, 2024 | Jun 17, 2024 | $0.215 | 1.37% |
| 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
Click here for our free guide on how to buy UMH Properties Inc Stock.
