Union Pacific Corporation 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 Pacific Corporation stock price ended at 210.80€ on Friday, after gaining 0.309%.
(Updated on May 31, 2024)
The Union Pacific Corporation stock price gained 0.309% on the last trading day (Friday, 31st May 2024), rising from 210.15€ to 210.80€. During the last trading day the stock fluctuated 2.15% from a day low at 208.95€ to a day high of 213.45€. The price has fallen in 8 of the last 10 days and is down by -5.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 828 more shares were traded than the day before. In total, 878 shares were bought and sold for approximately 185.08€ thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 208.92€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.13% during the next 3 months and, with a 90% probability hold a price between 198.21€ and 214.97€ at the end of this 3-month period.
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UNP.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.309%. Further rise is indicated until a new top pivot has been found. Union Pacific Corporation 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. The Union Pacific Corporation 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 212.40€ and 220.63€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Union Pacific Corporation stock
Union Pacific Corporation finds support from accumulated volume at 210.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 4.50€ between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 1.06%.
Union Pacific Corporation is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 3rd
For the upcoming trading day on Monday, 3rd we expect Union Pacific Corporation to open at 211.07€, and during the day (based on 14 day Average True Range), to move between 207.71€ and 213.89€, which gives a possible trading interval of +/-3.09€ (+/-1.47%) up or down from last closing price. If Union Pacific Corporation takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 210.70€ (0.05%) than the resistance at 220.20€ (4.46%), 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 is within a 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: -1.355 Sell Candidate Unchanged
Predicted Opening Price for Union Pacific Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 211.07€ ( 0.127%) | 210.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNP.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 215.57 | 2.26 % | |
| R2 | 213.85 | 1.45 % | ||
| R1 | 212.79 | 0.94 % | ||
| Current price: | 210.80 | |||
| Support | S1 | 209.35 | -0.689 % | |
| S2 | 208.29 | -1.19 % | ||
| S3 | 206.57 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 233.40 | 10.72 % | |
| R2 | 226.85 | 7.61 % | ||
| R1 | 220.20 | 4.46 % | ||
| Current price | 210.80 | |||
| Support | S1 | 210.70 | -0.0474% | |
| S2 | 210.15 | -0.308% | ||
| S3 | 0 | . |
UNP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 28, 2024 | 1.21€ | 0.562% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 29, 2024 | 1.21€ | 0.528% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | 0€ | 0% |
| 4 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 1.30€ | 0.717% |
| 5 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | 1.30€ | 0.649% |
FAQ
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