Umbra Applied Technologies Group, Inc. Stock Forecast
Big movements in Umbra Applied Technologies Group, Inc. stock price on Friday moving 18.18% between high and low
(Updated on May 24, 2024)
No changes to the price of Umbra Applied Technologies Group, Inc. stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 18.18% from a day low at $0.0033 to a day high of $0.0039. The price has fallen in 5 of the last 10 days and is down by -10.8% for this period.
The stock lies in the middle of a 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 -36.17% during the next 3 months and, with a 90% probability hold a price between $0.0023 and $0.0028 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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UATG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Umbra Applied Technologies Group, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0039 and $0.0045. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Umbra Applied Technologies Group, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0006 between high and low, or 18.18%. For the last week the stock has had daily average volatility of 17.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UATG) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Umbra Applied Technologies Group, Inc. to open at $0.0037, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0045, which gives a possible trading interval of +/-$0.0007 (+/-18.04%) up or down from last closing price. If Umbra Applied Technologies Group, Inc. takes out the full calculated possible swing range there will be an estimated 36.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0041, some $0.0003 (7.89%) from the current price of $0.0038, our system finds the risk reward not very attractive.
Is Umbra Applied Technologies Group, Inc. stock A Buy?
Umbra Applied Technologies Group, Inc. holds several negative signals and is within a 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.
Current score: -3.926 Sell Candidate Unchanged
Predicted Opening Price for Umbra Applied Technologies Group, Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.0037 ( 3.51%) | $0.0038 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UATG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0043 | 12.28 % | |
| R2 | 0.0040 | 6.25 % | ||
| R1 | 0.0039 | 2.52 % | ||
| Current price: | 0.0038 | |||
| Support | S1 | 0.0034 | -9.54 % | |
| S2 | 0.0033 | -13.27 % | ||
| S3 | 0.0031 | -19.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0045 | 18.42 % | |
| R2 | 0.0043 | 12.11 % | ||
| R1 | 0.0041 | 7.89 % | ||
| Current price | 0.0038 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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