Union Pacific Corporation Stock Forecast
Red day on Friday for Union Pacific Corporation
(Updated on May 17, 2024)
The Union Pacific Corporation stock price fell by -0.95% on the last day (Friday, 17th May 2024) from 226.35€ to 224.20€. During the last trading day the stock fluctuated 1.23% from a day low at 224.20€ to a day high of 226.95€. The price has been going up and down for this period, and there has been a 0.34% gain for the last 2 weeks. Volume has increased on the last day by 49 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, 166 shares were bought and sold for approximately 37.22€ thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.30% during the next 3 months and, with a 90% probability hold a price between 202.51€ and 218.92€ 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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UNP.F 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.F) 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
Fair opening price May 20, 2024 | Current price |
---|---|
225.12€ ( 0.409%) | 224.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNP.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 227.87 | 1.64 % | |
R2 | 226.82 | 1.17 % | ||
R1 | 226.17 | 0.88 % | ||
Current price: | 224.20 | |||
Support | S1 | 224.07 | -0.0597 % | |
S2 | 223.42 | -0.349 % | ||
S3 | 222.37 | -0.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 233.40 | 4.10 % | |
R2 | 228.40 | 1.87 % | ||
R1 | 226.85 | 1.18 % | ||
Current price | 224.20 | |||
Support | S1 | 222.50 | -0.758% | |
S2 | 221.35 | -1.27% | ||
S3 | 220.20 | -1.78% |
UNP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 31, 2024 | May 31, 2024 | Jun 28, 2024 | 1.21€ | 0% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 29, 2024 | 1.21€ | 0% |
3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | 0€ | 0% |
4 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | 1.30€ | 0% |
5 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 1.30€ | 0% |
FAQ
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