Urban Edge Properties Stock Forecast
Evaluation of Urban Edge Properties stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Urban Edge Properties stock price fell by -0.82% on the last day (Friday, 3rd May 2024) from $17.14 to $17.00. During the last trading day the stock fluctuated 3.74% from a day low at $16.86 to a day high of $17.49. The price has risen in 6 of the last 10 days and is up by 3.85% over the past 2 weeks. 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 -700 thousand shares and in total, 545 thousand shares were bought and sold for approximately $9.27 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $17.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.11% during the next 3 months and, with a 90% probability hold a price between $14.88 and $16.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UE Signals & Forecast
The Urban Edge Properties 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 $16.80 and $16.62. 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). 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 Thursday, May 02, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. 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 Urban Edge Properties stock
Urban Edge Properties finds support from accumulated volume at $16.95 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 $0.630 (3.74%) between high and low. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Urban Edge Properties to open at $17.12, and during the day (based on 14 day Average True Range), to move between $16.65 and $17.35, which gives a possible trading interval of +/-$0.353 (+/-2.08%) up or down from last closing price. If Urban Edge Properties takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.95 (0.29%) than the resistance at $17.14 (0.82%), 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
Urban Edge Properties will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.300. We will update the financials statements for Urban Edge Properties, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.95% in the first trading day after earnings release.
Is Urban Edge Properties stock A Buy?
Urban Edge Properties holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -1.445 Sell Candidate Downgraded
Predicted Opening Price for Urban Edge Properties of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $17.12 ( 0.686%) | $17.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.75 | 4.39 % | |
| R2 | 17.51 | 2.98 % | ||
| R1 | 17.36 | 2.10 % | ||
| Current price: | 17.00 | |||
| Support | S1 | 16.88 | -0.729 % | |
| S2 | 16.73 | -1.60 % | ||
| S3 | 16.49 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.52 | 3.06 % | |
| R2 | 17.32 | 1.88 % | ||
| R1 | 17.14 | 0.82 % | ||
| Current price | 17.00 | |||
| Support | S1 | 16.95 | -0.294% | |
| S2 | 16.54 | -2.71% | ||
| S3 | 15.93 | -6.29% |
UE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.170 | 0.98% |
| 2 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.160 | 0.87% |
| 3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.160 | 1.05% |
| 4 | May 22, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.160 | 1.04% |
| 5 | Feb 28, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.160 | 1.06% |
FAQ
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