Unisys Corporation Stock Forecast
Unisys Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Unisys Corporation stock price fell by -4.05% on the last day (Wednesday, 1st May 2024) from $5.43 to $5.21. During the last trading day the stock fluctuated 6.35% from a day low at $5.21 to a day high of $5.54. The price has fallen in 6 of the last 10 days and is down by -5.79% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -209 thousand shares and in total, 363 thousand shares were bought and sold for approximately $1.89 million.
The stock lies in the middle of a very wide and 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 -17.05% during the next 3 months and, with a 90% probability hold a price between $3.43 and $5.68 at the end of this 3-month period.
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UIS Signals & Forecast
There are few to no technical positive signals at the moment. The Unisys Corporation 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 $5.43 and $5.31. 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 -7.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Unisys Corporation stock
Unisys Corporation finds support from accumulated volume at $5.17 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 $0.331 between high and low, or 6.35%. For the last week the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UIS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Unisys Corporation to open at $5.32, and during the day (based on 14 day Average True Range), to move between $4.97 and $5.45, which gives a possible trading interval of +/-$0.239 (+/-4.59%) up or down from last closing price. If Unisys Corporation takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.17 (0.77%) than the resistance at $5.43 (4.22%), 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
Unisys Corporation will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.230. We will update the financials statements for Unisys Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.39% in the first trading day after earnings release.
Is Unisys Corporation stock A Buy?
Unisys Corporation holds several negative signals and is within a very wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.353 Sell Candidate Downgraded
Predicted Opening Price for Unisys Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $5.32 ( 2.12%) | $5.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.65 | 8.46 % | |
| R2 | 5.52 | 6.04 % | ||
| R1 | 5.45 | 4.54 % | ||
| Current price: | 5.21 | |||
| Support | S1 | 5.19 | -0.309 % | |
| S2 | 5.12 | -1.81 % | ||
| S3 | 4.99 | -4.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.63 | 8.06 % | |
| R2 | 5.49 | 5.37 % | ||
| R1 | 5.43 | 4.22 % | ||
| Current price | 5.21 | |||
| Support | S1 | 5.17 | -0.768% | |
| S2 | 4.99 | -4.22% | ||
| S3 | 4.86 | -6.72% |
UIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 1990 | Jun 18, 1990 | Aug 07, 1990 | $2.50 | 2.53% |
| 2 | Feb 26, 1990 | Mar 16, 1990 | May 07, 1990 | $2.50 | 1.68% |
| 3 | Dec 13, 1989 | Dec 15, 1989 | Feb 07, 1990 | $2.50 | 1.75% |
| 4 | Sep 29, 1989 | Oct 03, 1989 | Nov 07, 1989 | $2.50 | 1.67% |
| 5 | May 31, 1989 | Jun 19, 1989 | Aug 07, 1989 | $2.50 | 1.14% |
FAQ
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