Union Pacific Corporation Stock Forecast
Union Pacific Corporation stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Union Pacific Corporation stock price fell by -0.312% on the last day (Friday, 26th Apr 2024) from $243.55 to $242.79. During the last trading day the stock fluctuated 1.70% from a day low at $240.73 to a day high of $244.83. The price has been going up and down for this period, and there has been a 3.58% gain 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 -2 million shares and in total, 2 million shares were bought and sold for approximately $529.54 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $243.28 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.43% during the next 3 months and, with a 90% probability hold a price between $212.72 and $227.64 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 Signals & Forecast
The Union Pacific Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $235.85 and $241.06. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 25, 2024, and so far it has fallen -0.312%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Union Pacific Corporation stock
Union Pacific Corporation finds support from accumulated volume at $242.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $4.10 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Union Pacific Corporation to open at $242.78, and during the day (based on 14 day Average True Range), to move between $238.47 and $247.11, which gives a possible trading interval of +/-$4.32 (+/-1.78%) up or down from last closing price. If Union Pacific Corporation takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $242.71 (0.03%) than the resistance at $243.55 (0.31%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.490 Sell Candidate Downgraded
Predicted Opening Price for Union Pacific Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $242.78 ( 0.0027%) | $242.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 246.88 | 1.69 % | |
| R2 | 245.32 | 1.04 % | ||
| R1 | 244.35 | 0.642 % | ||
| Current price: | 242.79 | |||
| Support | S1 | 241.22 | -0.648 % | |
| S2 | 240.25 | -1.05 % | ||
| S3 | 238.68 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 249.87 | 2.92 % | |
| R2 | 244.13 | 0.552 % | ||
| R1 | 243.55 | 0.313 % | ||
| Current price | 242.79 | |||
| Support | S1 | 242.71 | -0.0330% | |
| S2 | 240.69 | -0.86% | ||
| S3 | 231.98 | -4.45% |
UNP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 29, 2024 | Mar 29, 2024 | $1.30 | 0.529% |
| 2 | Feb 08, 2024 | Feb 28, 2024 | Mar 29, 2024 | $1.30 | 0.529% |
| 3 | Nov 28, 2023 | Dec 07, 2023 | Dec 28, 2023 | $1.30 | 0.528% |
| 4 | Jul 26, 2023 | Aug 31, 2023 | Sep 29, 2023 | $1.30 | 0.638% |
| 5 | Jul 26, 2023 | Aug 30, 2023 | Sep 29, 2023 | $1.30 | 0.638% |
FAQ
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