United Bancorp Stock Forecast
United Bancorp stock downgraded to Sell Candidate
(Updated on May 01, 2024)
The United Bancorp stock price fell by -0.400% on the last day (Wednesday, 1st May 2024) from $12.49 to $12.44. During the last trading day the stock fluctuated 0.482% from a day low at $12.44 to a day high of $12.50. The price has fallen in 5 of the last 10 days and is down by -2.51% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $90.00 thousand.
Given the current short-term trend, the stock is expected to rise 14.67% during the next 3 months and, with a 90% probability hold a price between $14.27 and $18.59 at the end of this 3-month period.
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UBCP Signals & Forecast
There are few to no technical positive signals at the moment. The United Bancorp 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 $12.76 and $13.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -18.85%. 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). United Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for United Bancorp stock
United Bancorp finds support from accumulated volume at $12.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0600 between high and low, or 0.482%. For the last week, the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UBCP) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect United Bancorp to open at $12.46, and during the day (based on 14 day Average True Range), to move between $11.92 and $12.96, which gives a possible trading interval of +/-$0.521 (+/-4.19%) up or down from last closing price. If United Bancorp takes out the full calculated possible swing range there will be an estimated 8.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.35 (0.76%) than the resistance at $12.90 (3.70%), 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
United Bancorp will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for United Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.74% in the first trading day after earnings release.
Is United Bancorp stock A Buy?
The United Bancorp stock holds several negative signals and despite the positive trend, we believe United Bancorp will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.383 Sell Candidate Downgraded
Predicted Opening Price for United Bancorp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.46 ( 0.161%) | $12.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.52 | 0.643 % | |
| R2 | 12.50 | 0.459 % | ||
| R1 | 12.48 | 0.345 % | ||
| Current price: | 12.44 | |||
| Support | S1 | 12.44 | -0.0235 % | |
| S2 | 12.42 | -0.137 % | ||
| S3 | 12.40 | -0.322 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.33 | 23.23 % | |
| R2 | 14.96 | 20.23 % | ||
| R1 | 12.90 | 3.70 % | ||
| Current price | 12.44 | |||
| Support | S1 | 12.35 | -0.764% | |
| S2 | 12.15 | -2.33% | ||
| S3 | 12.00 | -3.54% |
UBCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 10, 2024 | $0 | 0% |
| 2 | Feb 20, 2024 | Mar 07, 2024 | Mar 20, 2024 | $0.323 | 2.50% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 20, 2023 | $0.170 | 1.26% |
| 4 | Aug 18, 2023 | Sep 07, 2023 | Sep 20, 2023 | $0.170 | 1.45% |
| 5 | Apr 19, 2023 | Jun 08, 2023 | Jun 20, 2023 | $0.165 | 1.37% |
FAQ
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