UBS AG Stock Forecast
Green day on Tuesday for UBS AG
(Updated on Jul 02, 2024)
The UBS AG stock price gained 0.267% on the last trading day (Tuesday, 2nd Jul 2024), rising from $29.94 to $30.02. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.50% from a day low at $29.59 to a day high of $30.03. The price has risen in 7 of the last 10 days but is still down by -3.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 283 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $40.42 million.
The stock lies in the middle of a wide and weak 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 7.32% during the next 3 months and, with a 90% probability hold a price between $29.72 and $35.02 at the end of this 3-month period.
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UBS Signals & Forecast
There are mixed signals in the stock today. The UBS AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $30.59. On a fall, the stock will find some support from the short-term average at $29.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -5.83%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for UBS AG stock
UBS AG finds support from accumulated volume at $29.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.445 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UBS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect UBS AG to open at $29.88, and during the day (based on 14 day Average True Range), to move between $29.47 and $30.57, which gives a possible trading interval of +/-$0.546 (+/-1.82%) up or down from last closing price. If UBS AG takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.24 (0.73%) than the support at $29.54 (1.60%), 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 UBS AG stock A Buy?
UBS AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.298 Sell Candidate Unchanged
Predicted Opening Price for UBS AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $29.88 ( 0.472%) | $30.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.32 | 1.01% |
| R2 | 30.15 | 0.444% |
| R1 | 30.05 | 0.0943% |
| Price | 30.02 | |
| S1 | 29.71 | -1.04% |
| S2 | 29.60 | -1.39% |
| S3 | 29.43 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.69 | 5.56% |
| R2 | 30.87 | 2.83% |
| R1 | 30.24 | 0.733% |
| Price | 30.02 | |
| S1 | 29.54 | -1.60% |
| S2 | 29.21 | -2.70% |
| S3 | 26.82 | -10.66% |
UBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | May 01, 2024 | May 03, 2024 | $0.228 | 0.84% |
| 2 | Feb 06, 2024 | Apr 30, 2024 | May 03, 2024 | $0.697 | 2.57% |
| 3 | Jan 31, 2023 | Apr 12, 2023 | Apr 14, 2023 | $0.550 | 2.51% |
| 4 | Feb 02, 2022 | Apr 12, 2022 | Apr 14, 2022 | $0.500 | 2.84% |
| 5 | Jan 27, 2021 | Apr 13, 2021 | Apr 15, 2021 | $0.370 | 2.33% |
FAQ
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