United Security Bancshares Stock Forecast
Stronger technical forecast for United Security Bancshares stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The United Security Bancshares stock price gained 2.45% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.35 to $7.53. During the last trading day the stock fluctuated 5.91% from a day low at $7.11 to a day high of $7.53. The price has been going up and down for this period, and there has been a -0.26% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately $338.09 thousand.
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 -7.19% during the next 3 months and, with a 90% probability hold a price between $6.32 and $7.27 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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UBFO Signals & Forecast
The United Security Bancshares 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 $7.50 and $7.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 5.31%. Further rise is indicated until a new top pivot has been found. United Security Bancshares has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for United Security Bancshares stock
United Security Bancshares finds support from accumulated volume at $7.36 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 $0.420 between high and low, or 5.91%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: $7.19 (-4.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (UBFO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect United Security Bancshares to open at $7.39, and during the day (based on 14 day Average True Range), to move between $7.35 and $7.71, which gives a possible trading interval of +/-$0.178 (+/-2.36%) up or down from last closing price. If United Security Bancshares takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.36 (2.26%) than the resistance at $7.81 (3.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Security Bancshares stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.201 Buy Candidate Upgraded
Predicted Opening Price for United Security Bancshares of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$7.39 ( 1.86%) | $7.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBFO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.81 | 3.72 % | |
R2 | 7.65 | 1.59 % | ||
R1 | 7.55 | 0.271 % | ||
Current price: | 7.53 | |||
Support | S1 | 7.23 | -3.99 % | |
S2 | 7.13 | -5.31 % | ||
S3 | 6.97 | -7.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.41 | 11.69 % | |
R2 | 8.27 | 9.83 % | ||
R1 | 7.81 | 3.72 % | ||
Current price | 7.53 | |||
Support | S1 | 7.36 | -2.26% | |
S2 | 7.35 | -2.39% | ||
S3 | 7.30 | -3.05% |
UBFO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | $0 | 0% |
2 | Sep 26, 2023 | Oct 06, 2023 | Oct 25, 2023 | $0.120 | 1.64% |
3 | Jun 27, 2023 | Jul 07, 2023 | Jul 24, 2023 | $0.120 | 1.62% |
4 | Mar 28, 2023 | Apr 05, 2023 | Jul 24, 2023 | $0.110 | 1.48% |
5 | Dec 21, 2022 | Jan 03, 2023 | Jan 19, 2023 | $0.110 | 1.35% |
FAQ
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