United Dominion Realty Trust Inc Stock Forecast
Stronger technical forecast for United Dominion Realty Trust Inc stock price after Tuesday trading.
(Updated on Apr 16, 2024)
The United Dominion Realty Trust Inc stock price fell by -1.62% on the last day (Tuesday, 16th Apr 2024) from $35.85 to $35.27. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.31% from a day low at $35.22 to a day high of $35.68. The price has fallen in 6 of the last 10 days and is down by -2.52% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $66.74 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $34.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect United Dominion Realty Trust Inc stock with a 90% probability to be traded between $35.47 and $38.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
UDR Signals & Forecast
There are few to no technical positive signals at the moment. The United Dominion Realty Trust Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $36.81 and $36.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -7.43%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for United Dominion Realty Trust Inc stock
United Dominion Realty Trust Inc finds support from accumulated volume at $35.08 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.460 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: $33.83 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (UDR) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect United Dominion Realty Trust Inc to open at $35.39, and during the day (based on 14 day Average True Range), to move between $34.42 and $36.12, which gives a possible trading interval of +/-$0.85 (+/-2.41%) up or down from last closing price. If United Dominion Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.08 (0.54%) than the resistance at $37.17 (5.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Dominion Realty Trust Inc stock A Buy?
United Dominion Realty Trust Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.771 Hold/Accumulate Upgraded
Predicted Opening Price for United Dominion Realty Trust Inc of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$35.39 ( 0.340%) | $35.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UDR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.85 | 1.64 % | |
R2 | 35.67 | 1.15 % | ||
R1 | 35.57 | 0.84 % | ||
Current price: | 35.27 | |||
Support | S1 | 35.21 | -0.158 % | |
S2 | 35.11 | -0.466 % | ||
S3 | 34.93 | -0.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.84 | 7.29 % | |
R2 | 37.21 | 5.50 % | ||
R1 | 37.17 | 5.39 % | ||
Current price | 35.27 | |||
Support | S1 | 35.08 | -0.539% | |
S2 | 34.87 | -1.13% | ||
S3 | 34.62 | -1.84% |
UDR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 09, 2024 | Apr 09, 2024 | Apr 30, 2024 | $0.425 | 1.20% |
2 | Dec 14, 2023 | Jan 09, 2024 | Jan 31, 2024 | $0.420 | 1.17% |
3 | Sep 14, 2023 | Oct 06, 2023 | Oct 31, 2023 | $0.420 | 1.32% |
4 | Jun 15, 2023 | Jul 07, 2023 | Jul 31, 2023 | $0.420 | 1.03% |
5 | Mar 16, 2023 | Apr 06, 2023 | May 01, 2023 | $0.420 | 1.02% |
FAQ
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