United Community Banks Stock Forecast
Green day on Friday for United Community Banks
(Updated on May 03, 2024)
The United Community Banks stock price gained 1.04% on the last trading day (Friday, 3rd May 2024), rising from $26.05 to $26.32. 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 1.99% from a day low at $26.15 to a day high of $26.67. The price has risen in 7 of the last 10 days and is up by 4.24% over the past 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 285 thousand shares were bought and sold for approximately $7.50 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 stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $26.16, a level that may pose a second chance to hit a runner. According to fan-theory $28.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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UCBI Signals & Forecast
The United Community Banks 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 $25.81 and $25.35. A breakdown below any of these levels will issue sell signals. 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. 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 Wednesday, April 24, 2024, and so far it has fallen -0.0380%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for United Community Banks stock
United Community Banks finds support from accumulated volume at $25.75 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 $0.520 (1.99%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $25.48 (-3.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (UCBI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect United Community Banks to open at $26.38, and during the day (based on 14 day Average True Range), to move between $25.65 and $26.99, which gives a possible trading interval of +/-$0.670 (+/-2.55%) up or down from last closing price. If United Community Banks takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.33 (0.04%) than the support at $25.75 (2.17%), 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 United Community Banks stock A Buy?
United Community Banks 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.
Current score: -0.712 Hold/Accumulate Unchanged
Predicted Opening Price for United Community Banks of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $26.38 ( 0.228%) | $26.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UCBI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.90 | 2.20 % | |
| R2 | 26.70 | 1.45 % | ||
| R1 | 26.58 | 0.98 % | ||
| Current price: | 26.32 | |||
| Support | S1 | 26.18 | -0.527 % | |
| S2 | 26.06 | -0.99 % | ||
| S3 | 25.86 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.66 | 5.09 % | |
| R2 | 26.57 | 0.95 % | ||
| R1 | 26.33 | 0.0380 % | ||
| Current price | 26.32 | |||
| Support | S1 | 25.75 | -2.17% | |
| S2 | 25.25 | -4.07% | ||
| S3 | 24.90 | -5.40% |
UCBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.230 | 0.91% |
| 2 | Nov 27, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.230 | 0.798% |
| 3 | Aug 21, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.230 | 0.90% |
| 4 | May 18, 2023 | Jun 14, 2023 | Jul 05, 2023 | $0.230 | 0.91% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Apr 05, 2023 | $0.230 | 0.84% |
FAQ
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