Unisys Corporation Stock Forecast
Unisys Corporation stock upgraded to Buy Candidate.
(Updated on Apr 23, 2024)
The Unisys Corporation stock price fell by -1.08% on the last day (Tuesday, 23rd Apr 2024) from $5.54 to $5.48. During the last trading day the stock fluctuated 3.83% from a day low at $5.48 to a day high of $5.69. The price has fallen in 7 of the last 10 days and is down by -3.01% for this period. 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 -277 thousand shares and in total, 342 thousand shares were bought and sold for approximately $1.88 million.
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 -24.74% during the next 3 months and, with a 90% probability hold a price between $3.00 and $4.87 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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UIS Signals & Forecast
The Unisys Corporation 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 $5.48. On a fall, the stock will find some support from the long-term average at approximately $5.27. 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. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 12.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Unisys Corporation stock
Unisys Corporation finds support from accumulated volume at $5.25 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 $0.210 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 4.21%.
Our recommended stop-loss: $5.22 (-4.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (UIS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Unisys Corporation to open at $5.55, and during the day (based on 14 day Average True Range), to move between $5.23 and $5.73, which gives a possible trading interval of +/-$0.247 (+/-4.51%) up or down from last closing price. If Unisys Corporation takes out the full calculated possible swing range there will be an estimated 9.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.49 (0.18%) than the support at $5.25 (4.20%), 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 Unisys Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.322 Buy Candidate Upgraded
Predicted Opening Price for Unisys Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.55 ( 1.28%) | $5.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.76 | 5.11 % | |
| R2 | 5.68 | 3.65 % | ||
| R1 | 5.63 | 2.74 % | ||
| Current price: | 5.48 | |||
| Support | S1 | 5.47 | -0.186 % | |
| S2 | 5.42 | -1.09 % | ||
| S3 | 5.34 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.63 | 2.74 % | |
| R2 | 5.55 | 1.28 % | ||
| R1 | 5.49 | 0.182 % | ||
| Current price | 5.48 | |||
| Support | S1 | 5.25 | -4.20% | |
| S2 | 5.17 | -5.66% | ||
| S3 | 4.99 | -8.94% |
UIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 1990 | Jun 18, 1990 | Aug 07, 1990 | $2.50 | 2.53% |
| 2 | Feb 26, 1990 | Mar 16, 1990 | May 07, 1990 | $2.50 | 1.68% |
| 3 | Dec 13, 1989 | Dec 15, 1989 | Feb 07, 1990 | $2.50 | 1.75% |
| 4 | Sep 29, 1989 | Oct 03, 1989 | Nov 07, 1989 | $2.50 | 1.67% |
| 5 | May 31, 1989 | Jun 19, 1989 | Aug 07, 1989 | $2.50 | 1.14% |
FAQ
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