UNITEDLABELS Aktiengesellschaft Stock Forecast
Volatile ride for UNITEDLABELS Aktiengesellschaft stock price on Friday moving between 2.32€ and 2.70€
(Updated on May 17, 2024)
The UNITEDLABELS Aktiengesellschaft stock price fell by -12.12% on the last day (Friday, 17th May 2024) from 2.64€ to 2.32€. During the last trading day the stock fluctuated 16.38% from a day low at 2.32€ to a day high of 2.70€. The price has been going up and down for this period, and there has been a -6.45% loss for the last 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, 19 thousand shares were bought and sold for approximately 44.96€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 2.28€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.60% during the next 3 months and, with a 90% probability hold a price between 2.59€ and 3.00€ at the end of this 3-month period.
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ULC.DE Signals & Forecast
There are few to no technical positive signals at the moment. The UNITEDLABELS Aktiengesellschaft 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 2.49€ and 2.42€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -12.12%. 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). UNITEDLABELS Aktiengesellschaft 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 UNITEDLABELS Aktiengesellschaft stock
UNITEDLABELS Aktiengesellschaft finds support from accumulated volume at 2.28€ 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 0.380€ between high and low, or 16.38%. For the last week, the stock has had daily average volatility of 7.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ULC.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect UNITEDLABELS Aktiengesellschaft to open at 2.45€, and during the day (based on 14 day Average True Range), to move between 2.22€ and 2.42€, which gives a possible trading interval of +/-0.0956€ (+/-4.12%) up or down from last closing price. If UNITEDLABELS Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 2.36€ (1.72%) than the support at 2.28€ (1.72%), 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 UNITEDLABELS Aktiengesellschaft stock A Buy?
The UNITEDLABELS Aktiengesellschaft stock holds several negative signals and despite the positive trend, we believe UNITEDLABELS Aktiengesellschaft 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 Strong Buy to a Strong Sell candidate.
Current score: -5.563 Strong Sell Candidate Downgraded
Predicted Opening Price for UNITEDLABELS Aktiengesellschaft of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 2.45€ ( 5.46%) | 2.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULC.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.83 | 21.84 % | |
| R2 | 2.68 | 15.58 % | ||
| R1 | 2.59 | 11.72 % | ||
| Current price: | 2.32 | |||
| Support | S1 | 2.30 | -0.797 % | |
| S2 | 2.21 | -4.66 % | ||
| S3 | 2.07 | -10.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.62 | 12.93 % | |
| R2 | 2.54 | 9.48 % | ||
| R1 | 2.36 | 1.72 % | ||
| Current price | 2.32 | |||
| Support | S1 | 2.28 | -1.72% | |
| S2 | 2.24 | -3.45% | ||
| S3 | 2.08 | -10.34% |
ULC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 02, 2011 | May 25, 2011 | May 25, 2011 | 0.117€ | 2.56% |
| 2 | Mar 03, 2009 | May 18, 2009 | May 18, 2009 | 0.156€ | 6.15% |
| 3 | Mar 13, 2008 | May 21, 2008 | May 21, 2008 | 0.156€ | 4.07% |
| 4 | Mar 07, 2007 | May 23, 2007 | May 23, 2007 | 0.156€ | 2.50% |
FAQ
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