UCB S.A. Stock Forecast

Green day on Tuesday for UCB S.A. stock after gaining 0.81%
(Updated on Apr 30, 2024)

UCB.BB Signals & Forecast

The UCB S.A. 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 123.19€ and 115.63€. 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 Thursday, April 25, 2024, and so far it has fallen -0.440%. 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).

Support, Risk & Stop-loss for UCB S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 106.50€ and 105.00€. 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, UCB S.A. finds support just below today's level at 106.50€. If this is broken, then the next support from accumulated volume will be at 105.00€ and 104.40€.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.10€ between high and low, or 1.71%. For the last week, the stock has had daily average volatility of 2.16%.

Our recommended stop-loss: 120.05€ (-3.61%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (UCB.BB) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect UCB S.A. to open at 124.32€, and during the day (based on 14 day Average True Range), to move between 122.11€ and 126.99€, which gives a possible trading interval of +/-2.44€ (+/-1.96%) up or down from last closing price. If UCB S.A. takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 125.10€ (0.44%) than the support at 106.50€ (14.49%), 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 UCB S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for UCB S.A. stock to perform well in the short-term.

Current score: 2.658 Buy Candidate Unchanged

Predicted Opening Price for UCB S.A. of Thursday, May 2, 2024

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