RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UEIC
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Weaker technical forecast for Universal Electronics Inc. as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 5.37% PDF

The Universal Electronics Inc. stock price fell by -1.18% on the last day (Thursday, 28th Mar 2024) from $10.13 to $10.01. During the last trading day the stock fluctuated 1.10% from a day low at $10.00 to a day high of $10.11. The price has risen in 6 of the last 10 days and is up by 9.76% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 26 thousand shares were bought and sold for approximately $264.81 thousand.

The stock lies in the upper part of a wide and weak rising 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 $10.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.03% during the next 3 months and, with a 90% probability hold a price between $8.73 and $10.70 at the end of this 3-month period.

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UEIC Signals & Forecast

The Universal Electronics Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.06. On a fall, the stock will find some support from the long-term average at approximately $8.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, March 11, 2024 with a target of $8.71. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Universal Electronics Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.50 and $8.58. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Universal Electronics Inc. finds support just below today's level at $9.50. If this is broken, then the next support from accumulated volume will be at $8.58 and $8.46.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 2.93%.

Our recommended stop-loss: $9.61 (-4.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (UEIC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Universal Electronics Inc. to open at $10.04, and during the day (based on 14 day Average True Range), to move between $9.61 and $10.41, which gives a possible trading interval of +/-$0.400 (+/-3.99%) up or down from last closing price. If Universal Electronics Inc. takes out the full calculated possible swing range there will be an estimated 7.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.06 (0.50%) than the support at $9.50 (5.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Universal Electronics Inc. stock A Buy?

Universal Electronics 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.404 Hold/Accumulate Downgraded

Predicted Opening Price for Universal Electronics Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.04 ( 0.300%) $10.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UEIC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.15 1.40 %
R2 10.11 0.98 %
R1 10.08 0.719 %
Current price: 10.01
Support S1 10.00 -0.120 %
S2 9.97 -0.379 %
S3 9.93 -0.799 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.16 1.50 %
R2 10.13 1.20 %
R1 10.06 0.500 %
Current price 10.01
Support S1 9.50 -5.09%
S2 8.58 -14.29%
S3 8.46 -15.48%

FAQ

What is the symbol for Universal Electronics Inc. Stock and on which exchange is it traded?
The symbol for Universal Electronics Inc. is UEIC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Universal Electronics Inc. Stock?
Universal Electronics 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Universal Electronics Inc. Stock?
Universal Electronics Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Universal Electronics Inc. Stock.

What's the current price of Universal Electronics Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Universal Electronics Inc. (UEIC) share was $10.01.

What is the 52-week high and low for Universal Electronics Inc. Stock?
The 52-week high for Universal Electronics Inc. Stock is $11.84 and the 52-week low is $7.02.

What is the market capitalization of Universal Electronics Inc. Stock?
As of the 2024-03-28, the market capitalization of Universal Electronics Inc. is 129.809M.

When is the next earnings date for Universal Electronics Inc.?
The upcoming earnings date for Universal Electronics Inc. is May 02, 2024.
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About Universal Electronics Inc.

Universal Electronics. Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets. The company offers universal radio frequency (RF) and infrared remote controls primarily for sale to video service providers, origi... UEIC Profile

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