Urbanise.com Limited Stock Forecast
Red day on Wednesday for Urbanise.com Limited
(Updated on Jun 26, 2024)
No changes to the price of Urbanise.com Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.380 to a day high of $0.380. The price has risen in 4 of the last 10 days and is up by 8.57% over the past 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.74% during the next 3 months and, with a 90% probability hold a price between $0.297 and $0.463 at the end of this 3-month period.
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UBN.AX Signals & Forecast
The Urbanise.com Limited 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 $0.376 and $0.353. 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 Friday, June 21, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -35.64% to $0.245 within 47 trading days since signal was issued (Tuesday, August 27, 2024).
Support, Risk & Stop-loss for Urbanise.com Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.360 and $0.350. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Urbanise.com Limited finds support just below today's level at $0.360. If this is broken, then the next support from accumulated volume will be at $0.350 and $0.340.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.09%
Our recommended stop-loss: $0.366 (-3.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (UBN.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Urbanise.com Limited to open at $0.380, and during the day (based on 14 day Average True Range), to move between $0.374 and $0.386, which gives a possible trading interval of +/-$0.0061 (+/-1.61%) up or down from last closing price. If Urbanise.com Limited takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.385 (1.32%) than the support at $0.360 (5.26%), 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 Urbanise.com Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Urbanise.com Limited stock to perform well in the short-term.
Current score: 2.689 Buy Candidate Unchanged
Predicted Opening Price for Urbanise.com Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.380 ( 0.00000000%) | $0.380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBN.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.380 | 0.00000000% |
| R2 | 0.380 | 0.00000000% |
| R1 | 0.380 | 0.00000000% |
| Price | 0.380 | |
| S1 | 0.380 | 0.00000000% |
| S2 | 0.380 | 0.00000000% |
| S3 | 0.380 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.385 | 1.32% |
| Price | 0.380 | |
| S1 | 0.360 | -5.26% |
| S2 | 0.350 | -7.89% |
| S3 | 0.340 | -10.53% |
FAQ
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