UMB Financial Corporation Stock Forecast
Stronger technical forecast for UMB Financial Corporation stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The UMB Financial Corporation stock price gained 2.46% on the last trading day (Tuesday, 30th Apr 2024), rising from $77.75 to $79.66. During the last trading day the stock fluctuated 4.68% from a day low at $77.80 to a day high of $81.44. The price has risen in 7 of the last 10 days and is up by 0.28% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $115.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $77.77 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect UMB Financial Corporation stock with a 90% probability to be traded between $78.82 and $88.59 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UMBF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 2.46%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The UMB Financial Corporation 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 $82.33 and $81.80. 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).
A sell signal from a double top formation was found on Thursday, February 15, 2024 and based on theory for this formation the price should fall by -2.28% to $77.85 within 3 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for UMB Financial Corporation stock
UMB Financial Corporation finds support from accumulated volume at $79.42 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 $3.64 (4.68%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $75.97 (-4.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (UMBF) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect UMB Financial Corporation to open at $79.63, and during the day (based on 14 day Average True Range), to move between $77.18 and $82.14, which gives a possible trading interval of +/-$2.48 (+/-3.11%) up or down from last closing price. If UMB Financial Corporation takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.85 (0.24%) than the support at $79.42 (0.30%), 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 UMB Financial Corporation stock A Buy?
UMB Financial Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.271 Hold/Accumulate Upgraded
Predicted Opening Price for UMB Financial Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $79.63 ( 0.0335%) | $79.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.27 | 4.54 % | |
| R2 | 81.88 | 2.79 % | ||
| R1 | 81.02 | 1.71 % | ||
| Current price: | 79.66 | |||
| Support | S1 | 78.24 | -1.78 % | |
| S2 | 77.38 | -2.86 % | ||
| S3 | 75.99 | -4.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.44 | 4.75 % | |
| R2 | 82.50 | 3.57 % | ||
| R1 | 79.85 | 0.239 % | ||
| Current price | 79.66 | |||
| Support | S1 | 79.42 | -0.301% | |
| S2 | 78.87 | -0.99% | ||
| S3 | 77.75 | -2.40% |
UMBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.390 | 0.461% |
| 2 | Oct 24, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.390 | 0.465% |
| 3 | Jul 25, 2023 | Sep 08, 2023 | Oct 02, 2023 | $0.380 | 0.630% |
| 4 | Apr 25, 2023 | Jun 09, 2023 | Jul 03, 2023 | $0.380 | 0.614% |
| 5 | Jan 24, 2023 | Mar 09, 2023 | Apr 03, 2023 | $0.380 | 0.663% |
FAQ
Click here for our free guide on how to buy UMB Financial Corporation Stock.
