Urban Edge Properties Stock Forecast
Urban Edge Properties stock price up 0.250% on Wednesday
(Updated on Apr 17, 2024)
The Urban Edge Properties stock price gained 0.250% on the last trading day (Wednesday, 17th Apr 2024), rising from $15.97 to $16.01. During the last trading day the stock fluctuated 1.47% from a day low at $15.97 to a day high of $16.20. The price has risen in 6 of the last 10 days but is still down by -4.02% for this period. Volume fell on the last day by -41 thousand shares and in total, 581 thousand shares were bought and sold for approximately $9.31 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 stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.82 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.16% during the next 3 months and, with a 90% probability hold a price between $14.69 and $15.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
UE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.502%. Further rise is indicated until a new top pivot has been found. 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. The Urban Edge Properties 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 $16.19 and $16.72. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Urban Edge Properties stock
Urban Edge Properties finds support from accumulated volume at $15.97 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 $0.235 (1.47%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UE) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Urban Edge Properties to open at $16.06, and during the day (based on 14 day Average True Range), to move between $15.66 and $16.36, which gives a possible trading interval of +/-$0.348 (+/-2.17%) up or down from last closing price. If Urban Edge Properties takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.97 (0.25%) than the resistance at $16.95 (5.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Urban Edge Properties stock A Buy?
Urban Edge Properties holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.845 Sell Candidate Unchanged
Predicted Opening Price for Urban Edge Properties of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$16.06 ( 0.302%) | $16.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.29 | 1.77 % | |
R2 | 16.20 | 1.21 % | ||
R1 | 16.15 | 0.86 % | ||
Current price: | 16.01 | |||
Support | S1 | 15.97 | -0.259 % | |
S2 | 15.91 | -0.605 % | ||
S3 | 15.82 | -1.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.52 | 9.43 % | |
R2 | 17.27 | 7.87 % | ||
R1 | 16.95 | 5.87 % | ||
Current price | 16.01 | |||
Support | S1 | 15.97 | -0.250% | |
S2 | 15.93 | -0.500% | ||
S3 | 0 | . |
UE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 13, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.170 | 0.98% |
2 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.160 | 0.87% |
3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.160 | 1.05% |
4 | May 22, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.160 | 1.04% |
5 | Feb 28, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.160 | 1.06% |
FAQ
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