Umh Properties, Inc. Stock Forecast
Umh Properties, Inc. stock price up 0.307% on Friday
(Updated on Jun 21, 2024)
The Umh Properties, Inc. stock price gained 0.307% on the last trading day (Friday, 21st Jun 2024), rising from $22.85 to $22.92. During the last trading day the stock fluctuated 0.702% from a day low at $22.79 to a day high of $22.95. The price has been going up and down for this period, and there has been a 0.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately $167.73 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $23.01 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Umh Properties, Inc. stock with a 90% probability to be traded between $21.74 and $23.02 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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UMH-PD Signals & Forecast
The Umh Properties, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.78 and $22.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Umh Properties, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.348%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Umh Properties, Inc. stock
Umh Properties, Inc. finds support from accumulated volume at $22.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 0.702%. For the last week the stock has had daily average volatility of 0.625%.
Our recommended stop-loss: $22.02 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (UMH-PD) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Umh Properties, Inc. to open at $22.89, and during the day (based on 14 day Average True Range), to move between $22.66 and $23.18, which gives a possible trading interval of +/-$0.257 (+/-1.12%) up or down from last closing price. If Umh Properties, Inc. takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.95 (0.13%) than the support at $22.66 (1.13%), 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 Umh Properties, Inc. stock A Buy?
Umh Properties, 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.
Current score: -0.027 Hold/Accumulate Unchanged
Predicted Opening Price for Umh Properties, Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $22.89 ( 0.146%) | $22.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMH-PD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.05 | 0.552% |
| R2 | 22.99 | 0.286% |
| R1 | 22.95 | 0.121% |
| Price | 22.92 | |
| S1 | 22.83 | -0.412% |
| S2 | 22.79 | -0.577% |
| S3 | 22.73 | -0.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.36 | 1.92% |
| R2 | 23.00 | 0.349% |
| R1 | 22.95 | 0.131% |
| Price | 22.92 | |
| S1 | 22.66 | -1.13% |
| S2 | 22.62 | -1.31% |
| S3 | 21.81 | -4.84% |
UMH-PD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 17, 2024 | $0.398 | 1.75% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0.398 | 1.77% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | $0.398 | 1.81% |
| 4 | Aug 14, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.398 | 1.89% |
| 5 | May 12, 2023 | May 12, 2023 | Jun 15, 2023 | $0.398 | 1.85% |
FAQ
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