U-bx Technology Ltd. Ordinary Shares Stock Forecast
Big movements in U-bx Technology Ltd. Ordinary Shares stock price on Friday moving 24.93% between high and low
(Updated on Jun 28, 2024)
The U-bx Technology Ltd. Ordinary Shares stock price fell by -18.31% on the last day (Friday, 28th Jun 2024) from $8.90 to $7.27. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 24.93% from a day low at $7.14 to a day high of $8.92. The price has fallen in 7 of the last 10 days and is down by -28.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 37 thousand shares were bought and sold for approximately $265.94 thousand.
Given the current short-term trend, the stock is expected to rise 94.52% during the next 3 months and, with a 90% probability hold a price between $14.14 and $25.14 at the end of this 3-month period.
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UBXG Signals & Forecast
There are few to no technical positive signals at the moment. The U-bx Technology Ltd. Ordinary Shares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.85 and $7.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -42.39%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 $6.66 and $5.60. 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 $6.66. If this is broken, then the next support from accumulated volume will be at $5.60 and $5.49.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $1.78 between high and low, or 24.93%. For the last week the stock has had daily average volatility of 25.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UBXG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect U-bx Technology Ltd. Ordinary Shares to open at $7.78, and during the day (based on 14 day Average True Range), to move between $5.58 and $8.96, which gives a possible trading interval of +/-$1.69 (+/-23.25%) 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 46.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.73 (6.33%) than the support at $6.66 (8.39%), 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 U-bx Technology Ltd. Ordinary Shares stock A Buy?
The U-bx Technology Ltd. Ordinary Shares stock holds several negative signals and despite the positive trend, we believe U-bx Technology Ltd. Ordinary Shares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.125 Sell Candidate Downgraded
Predicted Opening Price for U-bx Technology Ltd. Ordinary Shares of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$7.78 ( 6.97%) | $7.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBXG
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 9.56 | 31.45% |
R2 | 8.88 | 22.10% |
R1 | 8.46 | 16.32% |
Price | 7.27 | |
S1 | 7.10 | -2.38% |
S2 | 6.68 | -8.16% |
S3 | 6.00 | -17.51% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.90 | 22.42% |
R2 | 8.72 | 19.94% |
R1 | 7.73 | 6.33% |
Price | 7.27 | |
S1 | 6.66 | -8.39% |
S2 | 5.60 | -22.97% |
S3 | 5.49 | -24.49% |
FAQ
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