United Bankshares Stock Forecast
United Bankshares stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The United Bankshares stock price gained 0.414% on the last trading day (Friday, 3rd May 2024), rising from $33.82 to $33.96. It has now gained 3 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 1.65% from a day low at $33.84 to a day high of $34.40. The price has risen in 6 of the last 10 days but is still down by -0.61% for this period. Volume fell on the last day by -117 thousand shares and in total, 234 thousand shares were bought and sold for approximately $7.93 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -4.14% during the next 3 months and, with a 90% probability hold a price between $30.82 and $33.72 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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UBSI Signals & Forecast
The United Bankshares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $33.26 and $33.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.62%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for United Bankshares stock
United Bankshares finds support from accumulated volume at $33.78 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 $0.560 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: $32.68 (-3.77%) (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 (UBSI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect United Bankshares to open at $34.07, and during the day (based on 14 day Average True Range), to move between $33.09 and $34.83, which gives a possible trading interval of +/-$0.87 (+/-2.56%) up or down from last closing price. If United Bankshares takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.78 (0.53%) than the resistance at $34.34 (1.12%), 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 Bankshares stock A Buy?
United Bankshares 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.078 Hold/Accumulate Upgraded
Predicted Opening Price for United Bankshares of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$34.07 ( 0.314%) | $33.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBSI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.63 | 1.96 % | |
R2 | 34.41 | 1.33 % | ||
R1 | 34.28 | 0.94 % | ||
Current price: | 33.96 | |||
Support | S1 | 33.85 | -0.316 % | |
S2 | 33.72 | -0.705 % | ||
S3 | 33.51 | -1.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.97 | 2.97 % | |
R2 | 34.69 | 2.15 % | ||
R1 | 34.34 | 1.12 % | ||
Current price | 33.96 | |||
Support | S1 | 33.78 | -0.530% | |
S2 | 33.50 | -1.35% | ||
S3 | 33.12 | -2.47% |
UBSI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 26, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.370 | 1.05% |
2 | Nov 10, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.370 | 0.98% |
3 | Aug 28, 2023 | Sep 07, 2023 | Oct 02, 2023 | $0.360 | 1.32% |
4 | May 10, 2023 | Jun 08, 2023 | Jul 03, 2023 | $0.360 | 1.19% |
5 | Feb 27, 2023 | Mar 09, 2023 | Apr 03, 2023 | $0.360 | 1.03% |
FAQ
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