uCloudlink Group Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
uCloudlink Group Inc. stock price up 0.322% on Thursday
(Updated on May 02, 2024)
The uCloudlink Group Inc. stock price gained 0.322% on the last trading day (Thursday, 2nd May 2024), rising from $1.52 to $1.53. During the last trading day the stock fluctuated 1.33% from a day low at $1.51 to a day high of $1.53. The price has risen in 6 of the last 10 days and is up by 10.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 288 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $1.97 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.71% during the next 3 months and, with a 90% probability hold a price between $1.20 and $1.55 at the end of this 3-month period.
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UCL Signals & Forecast
The uCloudlink Group 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 $1.46 and $1.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 15.53%. 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). uCloudlink Group Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.
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.
Golden Star
The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.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 uCloudlink Group Inc. stock
uCloudlink Group Inc. finds support from accumulated volume at $1.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0200 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 6.12%.
Our recommended stop-loss: $1.46 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (UCL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect uCloudlink Group Inc. to open at $1.52, and during the day (based on 14 day Average True Range), to move between $1.41 and $1.64, which gives a possible trading interval of +/-$0.115 (+/-7.53%) up or down from last closing price. If uCloudlink Group Inc. takes out the full calculated possible swing range there will be an estimated 15.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.50 (1.64%) than the resistance at $1.57 (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is uCloudlink Group Inc. stock A Buy?
uCloudlink Group 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.
Current score: 0.508 Hold/Accumulate Unchanged
Predicted Opening Price for uCloudlink Group Inc. of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$1.52 ( 0.437%) | $1.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UCL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.54 | 0.87 % | |
R2 | 1.53 | 0.373 % | ||
R1 | 1.53 | 0.0638 % | ||
Current price: | 1.53 | |||
Support | S1 | 1.51 | -0.94 % | |
S2 | 1.51 | -1.25 % | ||
S3 | 1.50 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.74 | 14.10 % | |
R2 | 1.60 | 4.92 % | ||
R1 | 1.57 | 2.95 % | ||
Current price | 1.53 | |||
Support | S1 | 1.50 | -1.64% | |
S2 | 1.48 | -2.95% | ||
S3 | 1.45 | -4.92% |
FAQ
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