UMH Properties Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of UMH Properties Inc stock downgraded after the last trading session.
(Updated on May 03, 2024)
The UMH Properties Inc stock price fell by -4.30% on the last day (Friday, 3rd May 2024) from $16.05 to $15.36. During the last trading day the stock fluctuated 6.03% from a day low at $15.17 to a day high of $16.09. The price has risen in 6 of the last 10 days but is still down by -0.07% for this period. Volume has increased on the last day by 144 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 387 thousand shares were bought and sold for approximately $5.95 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.91% during the next 3 months and, with a 90% probability hold a price between $16.32 and $18.18 at the end of this 3-month period.
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UMH Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The UMH Properties Inc 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 $15.76 and $15.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.85%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for UMH Properties Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $14.54 and $14.53. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, UMH Properties Inc finds support just below today's level at $14.54. If this is broken, then the next support from accumulated volume will be at $14.53 and $14.36.
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 $0.92 (6.03%) between high and low. For the last week, the stock has had daily average volatility of 2.71%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect UMH Properties Inc to open at $15.54, and during the day (based on 14 day Average True Range), to move between $15.00 and $15.72, which gives a possible trading interval of +/-$0.358 (+/-2.33%) up or down from last closing price. If UMH Properties Inc takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.40 (0.26%) than the support at $14.54 (5.34%), 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?
The UMH Properties Inc stock holds several negative signals and despite the positive trend, we believe UMH Properties Inc will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Buy to a Sell candidate.
Current score: -2.443 Sell Candidate Downgraded
Predicted Opening Price for UMH Properties Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $15.54 ( 1.16%) | $15.36 |
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 | 16.45 | 7.12 % | |
| R2 | 16.10 | 4.84 % | ||
| R1 | 15.89 | 3.44 % | ||
| Current price: | 15.36 | |||
| Support | S1 | 15.19 | -1.11 % | |
| S2 | 14.97 | -2.52 % | ||
| S3 | 14.62 | -4.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.23 | 5.66 % | |
| R2 | 16.14 | 5.08 % | ||
| R1 | 15.40 | 0.260 % | ||
| Current price | 15.36 | |||
| Support | S1 | 14.54 | -5.34% | |
| S2 | 14.53 | -5.40% | ||
| S3 | 14.36 | -6.51% |
UMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | May 14, 2024 | Jun 17, 2024 | $0.215 | 1.40% |
| 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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