Universal Logistics Holdings, Inc Stock Forecast

Universal Logistics Holdings, Inc stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)

ULH Signals & Forecast

There are mixed signals in the stock today. The Universal Logistics Holdings, Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $42.76. On a fall, the stock will find some support from the short-term average at $40.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -16.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Universal Logistics Holdings, Inc stock

Universal Logistics Holdings, Inc finds support from accumulated volume at $40.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.36 (3.38%) between high and low. For the last week, the stock has had daily average volatility of 3.04%.

Our recommended stop-loss: $39.05 (-5.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)

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

For the upcoming trading day on Wednesday, 3rd we expect Universal Logistics Holdings, Inc to open at $41.07, and during the day (based on 14 day Average True Range), to move between $39.89 and $42.71, which gives a possible trading interval of +/-$1.41 (+/-3.41%) up or down from last closing price. If Universal Logistics Holdings, Inc takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $40.59 (1.72%) than the resistance at $45.35 (9.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Universal Logistics Holdings, Inc stock A Buy?

Universal Logistics Holdings, Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.489 Hold/Accumulate Upgraded

Predicted Opening Price for Universal Logistics Holdings, Inc of Wednesday, July 3, 2024

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