UMH Properties Inc Stock Forecast
UMH Properties Inc stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The UMH Properties Inc stock price gained 0.641% on the last trading day (Wednesday, 24th Apr 2024), rising from $15.59 to $15.69. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.66% from a day low at $15.39 to a day high of $15.80. The price has risen in 6 of the last 10 days and is up by 1.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 185 thousand shares were bought and sold for approximately $2.91 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.07% during the next 3 months and, with a 90% probability hold a price between $15.95 and $17.87 at the end of this 3-month period.
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UMH Signals & Forecast
There are mixed signals in the stock today. The UMH Properties 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 $15.81. On a fall, the stock will find some support from the short-term average at $15.40. 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 Tuesday, April 09, 2024, and so far it has fallen -4.85%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for UMH Properties Inc stock
UMH Properties Inc finds support from accumulated volume at $15.59 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 $0.410 (2.66%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UMH) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect UMH Properties Inc to open at $15.63, and during the day (based on 14 day Average True Range), to move between $15.36 and $16.02, which gives a possible trading interval of +/-$0.327 (+/-2.08%) up or down from last closing price. If UMH Properties Inc takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.59 (0.64%) than the resistance at $16.14 (2.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
UMH Properties Inc will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.220. We will update the financials statements for UMH Properties Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.49% in the first trading day after earnings release.
Is UMH Properties Inc stock A Buy?
UMH Properties Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Hold/Accumulate to a Sell candidate.
Current score: -2.408 Sell Candidate Downgraded
Predicted Opening Price for UMH Properties Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $15.63 ( 0.404%) | $15.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.04 | 2.21 % | |
| R2 | 15.88 | 1.21 % | ||
| R1 | 15.78 | 0.595 % | ||
| Current price: | 15.69 | |||
| Support | S1 | 15.47 | -1.40 % | |
| S2 | 15.37 | -2.02 % | ||
| S3 | 15.22 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.24 | 3.51 % | |
| R2 | 16.23 | 3.44 % | ||
| R1 | 16.14 | 2.87 % | ||
| Current price | 15.69 | |||
| Support | S1 | 15.59 | -0.637% | |
| S2 | 15.40 | -1.85% | ||
| S3 | 14.36 | -8.48% |
UMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | May 14, 2024 | Jun 17, 2024 | $0.215 | 1.37% |
| 2 | Jan 10, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.205 | 1.31% |
| 3 | Oct 02, 2023 | Nov 14, 2023 | Dec 15, 2023 | $0.210 | 1.39% |
| 4 | Jul 03, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.205 | 1.41% |
| 5 | Apr 03, 2023 | May 12, 2023 | Jun 15, 2023 | $0.205 | 1.26% |
FAQ
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