United Bancshares Stock Forecast
United Bancshares stock price up 0.265% on Thursday
(Updated on Mar 28, 2024)
The United Bancshares stock price gained 0.265% on the last trading day (Thursday, 28th Mar 2024), rising from $18.85 to $18.90. During the last trading day the stock fluctuated 1.06% from a day low at $18.80 to a day high of $19.00. The price has been going up and down for this period, and there has been a -0.53% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $36.36 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect United Bancshares stock with a 90% probability to be traded between $18.48 and $19.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UBOH Signals & Forecast
There are mixed signals in the stock today. The United Bancshares 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 $18.98 and $19.01. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.265%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). United 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for United Bancshares stock
United Bancshares finds support from accumulated volume at $18.88 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 $0.200 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 0.266%.
Our recommended stop-loss: $17.76 (-6.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (UBOH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect United Bancshares to open at $18.90, and during the day (based on 14 day Average True Range), to move between $18.78 and $19.02, which gives a possible trading interval of +/-$0.120 (+/-0.63%) up or down from last closing price. If United Bancshares takes out the full calculated possible swing range there will be an estimated 1.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.88 (0.11%) than the resistance at $19.00 (0.53%), 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 Bancshares stock A Buy?
United Bancshares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for United Bancshares of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$18.90 ( 0.0002%) | $18.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBOH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.10 | 1.06 % | |
R2 | 19.02 | 0.654 % | ||
R1 | 18.98 | 0.404 % | ||
Current price: | 18.90 | |||
Support | S1 | 18.82 | -0.404 % | |
S2 | 18.78 | -0.653 % | ||
S3 | 18.70 | -1.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.30 | 2.12 % | |
R2 | 19.10 | 1.06 % | ||
R1 | 19.00 | 0.529 % | ||
Current price | 18.90 | |||
Support | S1 | 18.88 | -0.106% | |
S2 | 18.86 | -0.212% | ||
S3 | 18.50 | -2.12% |
UBOH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 18, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.220 | 1.16% |
2 | Oct 19, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.220 | 1.14% |
3 | Apr 20, 2023 | May 30, 2023 | Jun 15, 2023 | $0.220 | 1.15% |
4 | Jan 19, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.220 | 1.05% |
5 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | $0.210 | 1.13% |
FAQ
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