Ucommune International Ltd Stock Forecast

Red day on Wednesday for Ucommune International Ltd
(Updated on May 01, 2024)

UKOMW Signals & Forecast

The Ucommune International Ltd 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 $0.0096 and $0.0088. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ucommune International Ltd stock

Ucommune International Ltd finds support from accumulated volume at $0.0098 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 6.67%.

Our recommended stop-loss: $0.0097 (-3.44%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (UKOMW) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Ucommune International Ltd to open at $0.0100, and during the day (based on 14 day Average True Range), to move between $0.0090 and $0.0110, which gives a possible trading interval of +/-$0.0010 (+/-9.50%) up or down from last closing price. If Ucommune International Ltd takes out the full calculated possible swing range there will be an estimated 19.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0098 (2.00%) than the resistance at $0.0104 (4.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ucommune International Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ucommune International Ltd stock to perform well in the short-term.

Current score: 2.546 Buy Candidate Unchanged

Predicted Opening Price for Ucommune International Ltd of Thursday, May 2, 2024

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