United-Guardian Stock Forecast
Red day on Friday for United-Guardian
(Updated on Apr 26, 2024)
The United-Guardian stock price fell by -1.24% on the last day (Friday, 26th Apr 2024) from $8.37 to $8.27. During the last trading day the stock fluctuated 0.85% from a day low at $8.23 to a day high of $8.30. The price has risen in 7 of the last 10 days and is up by 8.1% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $138.27 thousand.
The stock lies in the middle of a 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 -6.36% during the next 3 months and, with a 90% probability hold a price between $6.93 and $8.20 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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UG Signals & Forecast
The United-Guardian stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.17 and $7.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 10.12%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. United-Guardian gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for United-Guardian stock
United-Guardian finds support from accumulated volume at $8.04 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 $0.0700 between high and low, or 0.85%. For the last week, the stock has had daily average volatility of 3.52%.
Our recommended stop-loss: $8.04 (-2.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (UG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect United-Guardian to open at $8.27, and during the day (based on 14 day Average True Range), to move between $8.00 and $8.54, which gives a possible trading interval of +/-$0.272 (+/-3.29%) up or down from last closing price. If United-Guardian takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.40 (1.57%) than the support at $8.04 (2.78%), 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 United-Guardian 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.
Current score: 1.218 Buy Candidate Unchanged
Predicted Opening Price for United-Guardian of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $8.27 ( 0.0403%) | $8.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.34 | 0.81 % | |
| R2 | 8.31 | 0.483 % | ||
| R1 | 8.29 | 0.283 % | ||
| Current price: | 8.27 | |||
| Support | S1 | 8.24 | -0.364 % | |
| S2 | 8.22 | -0.563 % | ||
| S3 | 8.20 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.26 | 11.98 % | |
| R2 | 8.90 | 7.62 % | ||
| R1 | 8.40 | 1.57 % | ||
| Current price | 8.27 | |||
| Support | S1 | 8.04 | -2.78% | |
| S2 | 7.63 | -7.74% | ||
| S3 | 7.60 | -8.10% |
UG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.100 | 1.21% |
| 2 | Jul 12, 2023 | Jul 25, 2023 | Aug 02, 2023 | $0.100 | 1.26% |
| 3 | Nov 15, 2022 | Nov 25, 2022 | Dec 07, 2022 | $0.310 | 2.80% |
| 4 | May 12, 2022 | May 20, 2022 | Jun 01, 2022 | $0.370 | 1.90% |
| 5 | Nov 18, 2021 | Nov 26, 2021 | Dec 07, 2021 | $0.650 | 4.26% |
FAQ
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