Universal Health Realty Income Trust 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
Universal Health Realty Income Trust stock downgraded to Hold/Accumulate
(Updated on May 02, 2024)
The Universal Health Realty Income Trust stock price gained 2.62% on the last trading day (Thursday, 2nd May 2024), rising from $35.86 to $36.80. During the last trading day the stock fluctuated 2.90% from a day low at $35.83 to a day high of $36.87. The price has risen in 9 of the last 10 days and is up by 12.57% 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, 21 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately $2.20 million.
Given the current short-term trend, the stock is expected to fall -16.50% during the next 3 months and, with a 90% probability hold a price between $25.94 and $30.73 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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UHT Signals & Forecast
The Universal Health Realty Income Trust 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 $35.34 and $34.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 13.65%. 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 Universal Health Realty Income Trust stock
Universal Health Realty Income Trust finds support from accumulated volume at $36.59 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 $1.04 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $35.50 (-3.54%) (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 (UHT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Universal Health Realty Income Trust to open at $36.50, and during the day (based on 14 day Average True Range), to move between $35.80 and $37.80, which gives a possible trading interval of +/-$1.00 (+/-2.71%) up or down from last closing price. If Universal Health Realty Income Trust takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.59 (0.57%) than the resistance at $37.20 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Universal Health Realty Income Trust stock A Buy?
Universal Health Realty Income Trust 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Universal Health Realty Income Trust of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $36.50 ( 0.82%) | $36.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UHT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.54 | 2.01 % | |
| R2 | 37.14 | 0.93 % | ||
| R1 | 36.90 | 0.264 % | ||
| Current price: | 36.80 | |||
| Support | S1 | 36.10 | -1.89 % | |
| S2 | 35.86 | -2.56 % | ||
| S3 | 35.46 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.78 | 5.38 % | |
| R2 | 38.70 | 5.16 % | ||
| R1 | 37.20 | 1.09 % | ||
| Current price | 36.80 | |||
| Support | S1 | 36.59 | -0.571% | |
| S2 | 36.02 | -2.12% | ||
| S3 | 35.34 | -3.97% |
UHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.725 | 1.97% |
| 2 | Dec 07, 2023 | Dec 18, 2023 | Dec 29, 2023 | $0.725 | 1.68% |
| 3 | Sep 06, 2023 | Sep 18, 2023 | Sep 29, 2023 | $0.720 | 1.78% |
| 4 | Jun 07, 2023 | Jun 16, 2023 | Jun 30, 2023 | $0.720 | 1.51% |
| 5 | Mar 08, 2023 | Mar 17, 2023 | Mar 31, 2023 | $0.715 | 1.49% |
FAQ
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