Union Pacific Corporation Stock Forecast

Union Pacific Corporation stock price ended at 224.20€ on Friday, after losing 0.95%.
(Updated on May 17, 2024)

UNP.DE Signals & Forecast

The Union Pacific Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 227.25€. On a fall, the stock will find some support from the long-term average at approximately 223.23€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -2.35%. Further fall is indicated until a new bottom pivot has been found. Union Pacific Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Union Pacific Corporation stock

Union Pacific Corporation finds support from accumulated volume at 222.50€ 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 2.75€ between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.16%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UNP.DE) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Union Pacific Corporation to open at 225.12€, and during the day (based on 14 day Average True Range), to move between 221.04€ and 227.36€, which gives a possible trading interval of +/-3.16€ (+/-1.41%) up or down from last closing price. If Union Pacific Corporation takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 222.50€ (0.76%) than the resistance at 226.85€ (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Union Pacific Corporation stock A Buy?

Union Pacific Corporation 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.

Current score: -2.882 Sell Candidate Unchanged

Predicted Opening Price for Union Pacific Corporation of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.