UMB Financial Corporation Stock Forecast

Green day on Friday for UMB Financial Corporation stock after gaining 0.84%
(Updated on May 03, 2024)

UMBF Signals & Forecast

The UMB Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $81.21 and $81.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 6.19%. Further rise is indicated until a new top pivot has been found. 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. The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for UMB Financial Corporation stock

UMB Financial Corporation finds support from accumulated volume at $79.81 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 $1.94 (2.38%) between high and low. For the last week, the stock has had daily average volatility of 3.64%.

Our recommended stop-loss: $79.79 (-3.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (UMBF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect UMB Financial Corporation to open at $82.59, and during the day (based on 14 day Average True Range), to move between $80.16 and $84.96, which gives a possible trading interval of +/-$2.40 (+/-2.91%) up or down from last closing price. If UMB Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $82.69 (0.16%) than the support at $79.81 (3.33%), 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.

Is UMB Financial Corporation stock A Buy?

UMB Financial 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: -0.679 Hold/Accumulate Unchanged

Predicted Opening Price for UMB Financial Corporation of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.