United Health Products 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
United Health Products Inc stock upgraded to Sell Candidate.
(Updated on May 03, 2024)
The United Health Products Inc stock price gained 4.29% on the last trading day (Friday, 3rd May 2024), rising from $0.173 to $0.180. During the last trading day the stock fluctuated 3.11% from a day low at $0.180 to a day high of $0.186. The price has fallen in 6 of the last 10 days and is down by -11.12% for this period. Volume fell on the last day by -96 thousand shares and in total, 275 thousand shares were bought and sold for approximately $49.47 thousand. 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 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 -15.51% during the next 3 months and, with a 90% probability hold a price between $0.131 and $0.167 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.
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UEEC Signals & Forecast
There are few to no technical positive signals at the moment. The United Health Products 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 $0.183 and $0.193. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -14.33%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for United Health Products Inc stock
United Health Products Inc finds support from accumulated volume at $0.175 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0056 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 6.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UEEC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect United Health Products Inc to open at $0.182, and during the day (based on 14 day Average True Range), to move between $0.162 and $0.197, which gives a possible trading interval of +/-$0.0176 (+/-9.77%) up or down from last closing price. If United Health Products Inc takes out the full calculated possible swing range there will be an estimated 19.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.175 (2.72%) than the resistance at $0.193 (7.06%), 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
United Health Products Inc will release earnings -- on Wednesday, May 08, 2024. We will update the financials statements for United Health Products Inc , that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.43% in the first trading day after earnings release.
Is United Health Products Inc stock A Buy?
United Health Products Inc holds several negative signals and is within a very wide and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.929 Sell Candidate Upgraded
Predicted Opening Price for United Health Products Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.182 ( 1.04%) | $0.180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UEEC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.187 | 4.15 % | |
| R2 | 0.185 | 2.96 % | ||
| R1 | 0.184 | 2.23 % | ||
| Current price: | 0.180 | |||
| Support | S1 | 0.180 | -0.151 % | |
| S2 | 0.178 | -0.89 % | ||
| S3 | 0.176 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.210 | 16.73 % | |
| R2 | 0.200 | 11.17 % | ||
| R1 | 0.193 | 7.06 % | ||
| Current price | 0.180 | |||
| Support | S1 | 0.175 | -2.72% | |
| S2 | 0.173 | -4.11% | ||
| S3 | 0 | . |
FAQ
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