UNITEDLABELS Aktiengesellschaft Stock Forecast
Red day on Friday for UNITEDLABELS Aktiengesellschaft stock after losing 0.87%
(Updated on May 31, 2024)
The UNITEDLABELS Aktiengesellschaft stock price fell by -0.87% on the last day (Friday, 31st May 2024) from 2.30€ to 2.28€. During the last trading day the stock fluctuated 1.79% from a day low at 2.24€ to a day high of 2.28€. The price has fallen in 5 of the last 10 days and is down by -1.72% 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 -4 thousand shares and in total, 25 shares were bought and sold for approximately 57.00€ .
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 2.27€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect UNITEDLABELS Aktiengesellschaft stock with a 90% probability to be traded between 2.30€ and 2.69€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ULC.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has fallen 0%. 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. The UNITEDLABELS Aktiengesellschaft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 2.35€ and 2.41€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 2.24€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0400€ between high and low, or 1.79%. For the last week the stock has had daily average volatility of 0.88%.
Our recommended stop-loss: 2.14€ (-6.22%) (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 (ULC.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect UNITEDLABELS Aktiengesellschaft to open at 2.27€, and during the day (based on 14 day Average True Range), to move between 2.21€ and 2.35€, which gives a possible trading interval of +/-0.0722€ (+/-3.17%) up or down from last closing price. If UNITEDLABELS Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.24€ (1.75%) than the resistance at 2.32€ (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UNITEDLABELS Aktiengesellschaft stock A Buy?
UNITEDLABELS Aktiengesellschaft holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.734 Hold/Accumulate Unchanged
Predicted Opening Price for UNITEDLABELS Aktiengesellschaft of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 2.27€ ( 0.585%) | 2.28€ |
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 | 2.31 | 1.17 % | |
| R2 | 2.29 | 0.499 % | ||
| R1 | 2.28 | 0.0854 % | ||
| Current price: | 2.28 | |||
| Support | S1 | 2.25 | -1.25 % | |
| S2 | 2.24 | -1.67 % | ||
| S3 | 2.23 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.62 | 14.91 % | |
| R2 | 2.36 | 3.51 % | ||
| R1 | 2.32 | 1.75 % | ||
| Current price | 2.28 | |||
| Support | S1 | 2.24 | -1.75% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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