United Community Banks, Inc. Stock Forecast

Weaker technical forecast for United Community Banks, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 17, 2024)

UCBIO Signals & Forecast

The United Community Banks, Inc. 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 $23.70 and $23.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.

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 Community Banks, Inc. stock

United Community Banks, Inc. finds support from accumulated volume at $23.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0999 between high and low, or 0.421%. For the last week the stock has had daily average volatility of 0.95%

Our recommended stop-loss: $22.49 (-5.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (UCBIO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect United Community Banks, Inc. to open at $23.82, and during the day (based on 14 day Average True Range), to move between $23.48 and $24.22, which gives a possible trading interval of +/-$0.369 (+/-1.55%) up or down from last closing price. If United Community Banks, Inc. takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.85 (0.00%) than the support at $23.76 (0.38%), 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, Inc. stock A Buy?

United Community Banks, Inc. 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. 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 Hold/Accumulate candidate.

Current score: 0.572 Hold/Accumulate Downgraded

Predicted Opening Price for United Community Banks, Inc. of Tuesday, June 18, 2024

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