U-bx Technology Ltd. Ordinary Shares Stock Forecast

Volatile ride for U-bx Technology Ltd. Ordinary Shares stock price on Tuesday moving between $10.01 and $13.12
(Updated on Jun 25, 2024)

UBXG Signals & Forecast

Mostly positive signals in the chart today. The U-bx Technology Ltd. Ordinary Shares 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 $10.68 and $7.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 44.72%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for U-bx Technology Ltd. Ordinary Shares stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.62 and $10.11. 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, U-bx Technology Ltd. Ordinary Shares finds support just below today's level at $11.62. If this is broken, then the next support from accumulated volume will be at $10.11 and $9.48.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.11 between high and low, or 31.02%. For the last week, the stock has had daily average volatility of 20.45%.

Our recommended stop-loss: $12.15 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (UBXG) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect U-bx Technology Ltd. Ordinary Shares to open at $11.92, and during the day (based on 14 day Average True Range), to move between $11.06 and $14.18, which gives a possible trading interval of +/-$1.56 (+/-12.33%) up or down from last closing price. If U-bx Technology Ltd. Ordinary Shares takes out the full calculated possible swing range there will be an estimated 24.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $11.62, some $1.00 (7.92%) from the current price of $12.62, our system finds the risk reward attractive.

Is U-bx Technology Ltd. Ordinary Shares stock A Buy?

U-bx Technology Ltd. Ordinary Shares holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.500 Strong Buy Candidate Upgraded

Predicted Opening Price for U-bx Technology Ltd. Ordinary Shares of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.