Union Bankshares 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
Union Bankshares stock price down 1.35% on Tuesday
(Updated on May 07, 2024)
The Union Bankshares stock price fell by -1.35% on the last day (Tuesday, 7th May 2024) from $25.85 to $25.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.33% from a day low at $25.50 to a day high of $25.84. The price has been going up and down for this period, and there has been a -7.59% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $65.43 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.58% during the next 3 months and, with a 90% probability hold a price between $21.91 and $25.14 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UNB 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 Union Bankshares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.44 and $28.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -18.27%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Union Bankshares stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.340 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNB) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Union Bankshares to open at $25.61, and during the day (based on 14 day Average True Range), to move between $24.59 and $26.41, which gives a possible trading interval of +/-$0.91 (+/-3.57%) up or down from last closing price. If Union Bankshares takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $26.20, some $0.700 (2.75%) from the current price of $25.50, our system finds the risk reward not very attractive.
Earnings coming up
Union Bankshares will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Union Bankshares, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.23% in the first trading day after earnings release.
Is Union Bankshares stock A Buy?
Union Bankshares holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.331 Sell Candidate Unchanged
Predicted Opening Price for Union Bankshares of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $25.61 ( 0.444%) | $25.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.95 | 1.78 % | |
| R2 | 25.82 | 1.27 % | ||
| R1 | 25.74 | 0.95 % | ||
| Current price: | 25.50 | |||
| Support | S1 | 25.48 | -0.0649 % | |
| S2 | 25.40 | -0.380 % | ||
| S3 | 25.27 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.75 | 20.59 % | |
| R2 | 30.00 | 17.65 % | ||
| R1 | 26.20 | 2.75 % | ||
| Current price | 25.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
UNB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 25, 2024 | May 02, 2024 | $0.360 | 1.33% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Feb 01, 2024 | $0.360 | 1.21% |
| 3 | Oct 18, 2023 | Oct 26, 2023 | Nov 02, 2023 | $0.360 | 1.33% |
| 4 | Jul 19, 2023 | Jul 27, 2023 | Aug 03, 2023 | $0.360 | 1.53% |
| 5 | Apr 19, 2023 | Apr 27, 2023 | May 04, 2023 | $0.360 | 1.78% |
FAQ
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