Urban One Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of UONEK
| Stock Analysis |
|
| Risk Assessment |
|
| Trading Strategy |
|
Urban One Inc stock downgraded from Sell Candidate to Strong Sell Candidate after Thursday trading session
(Updated on Oct 03, 2024)
Sell candidate since Sep 03, 2024
Loss -19.23%
The Urban One Inc stock price fell by -1.87% on the last day (Thursday, 3rd Oct 2024) from $1.07 to $1.05. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.71% from a day low at $1.05 to a day high of $1.08. The price has fallen in 8 of the last 10 days and is down by -18.6% for this period. Volume has increased on the last day by 5 thousand 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, 19 thousand shares were bought and sold for approximately $19.56 thousand.
The stock lies in the middle of a very wide and 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 -19.13% during the next 3 months and, with a 90% probability hold a price between $0.788 and $1.04 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.
UONEK Signals & Forecast
There are few to no technical positive signals at the moment. The Urban One Inc 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 $1.10 and $1.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, September 18, 2024, and so far it has fallen -19.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Urban One Inc 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 Urban One Inc 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0285 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 4.30%.
Urban One Inc is oversold on RSI14 (19). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UONEK) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Urban One Inc to open at $1.06, and during the day (based on 14 day Average True Range), to move between $0.99 and $1.11, which gives a possible trading interval of +/-$0.0621 (+/-5.91%) up or down from last closing price. If Urban One Inc takes out the full calculated possible swing range there will be an estimated 11.82% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.13, some $0.0800 (7.62%) from the current price of $1.05, our system finds the risk reward not very attractive.
Is Urban One Inc stock A Buy?
Urban One Inc holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score:
-5.365
Strong Sell Candidate
Downgraded
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $1.06 ( 0.90%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for UONEK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.09 | 3.62% |
| R2 | 1.08 | 2.58% |
| R1 | 1.07 | 1.94% |
| Price | 1.05 | |
| S1 | 1.05 | -0.132% |
| S2 | 1.04 | -0.773% |
| S3 | 1.03 | -1.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.29 | 22.86% |
| R2 | 1.22 | 16.19% |
| R1 | 1.13 | 7.62% |
| Price | 1.05 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Urban One Inc Stock.
