Ucommune International Ltd Stock Forecast

Is Ucommune International Ltd stock still a buy after falling -46.84% on Tuesday?
(Updated on Jul 02, 2024)

UKOMW Signals & Forecast

There are few to no technical positive signals at the moment. The Ucommune International Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0159 and $0.0128. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -49.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ucommune International Ltd 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". 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 $0.0100 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 a very large prediction interval from the Bollinger Band 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 25.91%.

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

Trading Expectations (UKOMW) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Ucommune International Ltd to open at $0.0101, and during the day (based on 14 day Average True Range), to move between $0.0059 and $0.0143, which gives a possible trading interval of +/-$0.0042 (+/-41.80%) up or down from last closing price. If Ucommune International Ltd takes out the full calculated possible swing range there will be an estimated 83.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0100 (0.99%) than the resistance at $0.0112 (10.89%), 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?

The Ucommune International Ltd stock holds several negative signals and despite the positive trend, we believe Ucommune International Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -4.494 Sell Candidate Downgraded

Predicted Opening Price for Ucommune International Ltd of Wednesday, July 3, 2024

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