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 UFCS
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United Fire Group stock price up 1.53% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Gain 0.41% PDF

The United Fire Group stock price gained 1.53% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.52 to $21.85. During the last trading day the stock fluctuated 1.49% from a day low at $21.54 to a day high of $21.86. The price has fallen in 7 of the last 10 days and is down by -0.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately $817.30 thousand.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.96% during the next 3 months and, with a 90% probability hold a price between $23.05 and $27.55 at the end of this 3-month period.

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UFCS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. United Fire Group has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The United Fire Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.67. On a fall, the stock will find some support from the short-term average at $21.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for United Fire Group stock

United Fire Group finds support from accumulated volume at $21.82 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.320 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UFCS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect United Fire Group to open at $21.75, and during the day (based on 14 day Average True Range), to move between $21.29 and $22.41, which gives a possible trading interval of +/-$0.560 (+/-2.56%) up or down from last closing price. If United Fire Group takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.82 (0.14%) than the resistance at $22.09 (1.10%), 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 Fire Group stock A Buy?

United Fire Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.598 Sell Candidate Unchanged

Predicted Opening Price for United Fire Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$21.75 ( 0.458%) $21.85

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

Trading levels for UFCS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.07 1.01 %
R2 21.95 0.447 %
R1 21.87 0.102 %
Current price: 21.85
Support S1 21.63 -1.02 %
S2 21.55 -1.36 %
S3 21.43 -1.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.96 14.23 %
R2 24.76 13.32 %
R1 22.09 1.10 %
Current price 21.85
Support S1 21.82 -0.137%
S2 21.72 -0.595%
S3 21.26 -2.70%

UFCS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Mar 22, 2024 $0.160 0.735%
2 Nov 17, 2023 Nov 30, 2023 Dec 15, 2023 $0.160 0.82%
3 Aug 18, 2023 Aug 31, 2023 Sep 15, 2023 $0.160 0.81%
4 May 17, 2023 Jun 01, 2023 Jun 16, 2023 $0.160 0.694%
5 Feb 24, 2023 Mar 09, 2023 Mar 24, 2023 $0.160 0.607%

FAQ

What is the symbol for United Fire Group Stock and on which exchange is it traded?
The symbol for United Fire Group is UFCS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell United Fire Group Stock?
United Fire Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of United Fire Group Stock?
As of the end of day on the 2024-03-27, the price of an United Fire Group (UFCS) share was $21.85.

What is the 52-week high and low for United Fire Group Stock?
The 52-week high for United Fire Group Stock is $28.58 and the 52-week low is $18.41.

What is the market capitalization of United Fire Group Stock?
As of the 2024-03-27, the market capitalization of United Fire Group is 552.309M.

When is the next earnings date for United Fire Group?
The upcoming earnings date for United Fire Group is May 13, 2024.
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About United Fire Group

United Fire Group United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and commercial multiple peril and inland marine insurance, as well as assumed reinsurance products. Its commercial policies include fire and allied lines, other liability, automobile, workers' compensation, and fid... UFCS Profile

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