0% commission for ETF tradesUnited Bankshares Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of UBSI
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United Bankshares stock upgraded to Hold/Accumulate.
(Updated on Sep 13, 2024)
The United Bankshares stock price gained 2.12% on the last trading day (Friday, 13th Sep 2024), rising from $36.33 to $37.10. During the last trading day the stock fluctuated 2.01% from a day low at $36.38 to a day high of $37.11. The price has fallen in 6 of the last 10 days and is down by -3.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 114 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately $15.37 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $36.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.98% during the next 3 months and, with a 90% probability hold a price between $42.90 and $50.62 at the end of this 3-month period.
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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 $36.74 and $37.08. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, July 26, 2024, and so far it has fallen -5.65%. 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). The stock had a Golden Star Signal on Tuesday, July 09, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, July 09, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for United Bankshares stock
United Bankshares finds support from accumulated volume at $37.02 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 $0.730 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $34.77 (-6.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 65 days ago.)
Trading Expectations (UBSI) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect United Bankshares to open at $36.86, and during the day (based on 14 day Average True Range), to move between $36.06 and $38.14, which gives a possible trading interval of +/-$1.04 (+/-2.80%) up or down from last closing price. If United Bankshares takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.02 (0.22%) than the resistance at $37.67 (1.54%), 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.
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Current score: 0.906 Hold/Accumulate Upgraded
Predicted Opening Price for United Bankshares of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $36.86 ( 0.638%) | $37.10 |
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 | |
|---|---|---|
| R3 | 37.59 | 1.33% |
| R2 | 37.31 | 0.578% |
| R1 | 37.14 | 0.114% |
| Price | 37.10 | |
| S1 | 36.58 | -1.39% |
| S2 | 36.41 | -1.85% |
| S3 | 36.13 | -2.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.93 | 4.93% |
| R2 | 38.33 | 3.32% |
| R1 | 37.67 | 1.54% |
| Price | 37.10 | |
| S1 | 37.02 | -0.216% |
| S2 | 32.44 | -12.56% |
| S3 | 31.26 | -15.74% |
UBSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2024 | Sep 13, 2024 | Oct 01, 2024 | $0.370 | 1.00% |
| 2 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.370 | 1.15% |
| 3 | Feb 26, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.370 | 1.05% |
| 4 | Nov 10, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.370 | 0.98% |
| 5 | Aug 28, 2023 | Sep 07, 2023 | Oct 02, 2023 | $0.360 | 1.32% |
FAQ
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