Urban Edge Properties Stock Forecast
Urban Edge Properties stock upgraded to Buy Candidate.
(Updated on Apr 29, 2024)
The Urban Edge Properties stock price gained 0.97% on the last trading day (Monday, 29th Apr 2024), rising from $16.51 to $16.67. During the last trading day the stock fluctuated 0.81% from a day low at $16.62 to a day high of $16.76. The price has risen in 6 of the last 10 days and is up by 2.84% 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, 43 thousand more shares were traded than the day before. In total, 442 thousand shares were bought and sold for approximately $7.37 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $16.88 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.43% during the next 3 months and, with a 90% probability hold a price between $14.68 and $15.79 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UE Signals & Forecast
Mostly positive signals in the chart today. The Urban Edge Properties 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 $16.60 and $16.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 4.65%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Urban Edge Properties stock
Urban Edge Properties finds support from accumulated volume at $16.54 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 $0.135 between high and low, or 0.81%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $15.77 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (UE) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Urban Edge Properties to open at $16.68, and during the day (based on 14 day Average True Range), to move between $16.35 and $16.99, which gives a possible trading interval of +/-$0.315 (+/-1.89%) up or down from last closing price. If Urban Edge Properties takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.54 (0.78%) than the resistance at $16.95 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Urban Edge Properties will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.300. We will update the financials statements for Urban Edge Properties, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.95% in the first trading day after earnings release.
Is Urban Edge Properties stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.169 Buy Candidate Upgraded
Predicted Opening Price for Urban Edge Properties of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $16.68 ( 0.0700%) | $16.67 |
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 | 16.82 | 0.88 % | |
| R2 | 16.77 | 0.570 % | ||
| R1 | 16.73 | 0.379 % | ||
| Current price: | 16.67 | |||
| Support | S1 | 16.63 | -0.239 % | |
| S2 | 16.60 | -0.430 % | ||
| S3 | 16.55 | -0.740 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.52 | 5.10 % | |
| R2 | 17.27 | 3.60 % | ||
| R1 | 16.95 | 1.68 % | ||
| Current price | 16.67 | |||
| Support | S1 | 16.54 | -0.780% | |
| S2 | 16.37 | -1.80% | ||
| S3 | 15.93 | -4.44% |
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
Click here for our free guide on how to buy Urban Edge Properties Stock.
