Unisys Corporation Stock Forecast
Red day on Tuesday for Unisys Corporation stock after losing 0%
(Updated on Apr 30, 2024)
No changes to the price of Unisys Corporation stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 3.47% from a day low at $5.33 to a day high of $5.52. The price has fallen in 5 of the last 10 days but is still up by 0.93% over the past 2 weeks.
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 -18.49% during the next 3 months and, with a 90% probability hold a price between $3.35 and $5.53 at the end of this 3-month period.
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UIS Signals & Forecast
The Unisys Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.48. On a fall, the stock will find some support from the long-term average at approximately $5.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The volume rose on the last day while price remained unchanged. This may be an early warning and 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 -3.89%. 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).
Support, Risk & Stop-loss for Unisys Corporation stock
Unisys Corporation finds support from accumulated volume at $5.25 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 $0.185 between high and low, or 3.47%. For the last week the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: $5.18 (-4.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (UIS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Unisys Corporation to open at $5.43, and during the day (based on 14 day Average True Range), to move between $5.20 and $5.66, which gives a possible trading interval of +/-$0.231 (+/-4.25%) up or down from last closing price. If Unisys Corporation takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.48 (0.92%) than the support at $5.25 (3.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.438 Hold/Accumulate Unchanged
Predicted Opening Price for Unisys Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $5.43 ( 0.0921%) | $5.43 |
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 | 5.61 | 3.31 % | |
| R2 | 5.54 | 2.01 % | ||
| R1 | 5.50 | 1.21 % | ||
| Current price: | 5.43 | |||
| Support | S1 | 5.35 | -1.39 % | |
| S2 | 5.31 | -2.20 % | ||
| S3 | 5.24 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.63 | 3.68 % | |
| R2 | 5.49 | 1.10 % | ||
| R1 | 5.48 | 0.92 % | ||
| Current price | 5.43 | |||
| Support | S1 | 5.25 | -3.31% | |
| S2 | 5.17 | -4.79% | ||
| S3 | 4.99 | -8.10% |
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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