United Overseas Australia Limited Stock Forecast

Red day on Monday for United Overseas Australia Limited stock after losing 1.75%
(Updated on May 27, 2024)

UOS.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The United Overseas Australia Limited 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 $0.566 and $0.592. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for United Overseas Australia Limited stock

United Overseas Australia Limited finds support from accumulated volume at $0.550 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.15%.

United Overseas Australia Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.523 (-6.52%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (UOS.AX) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect United Overseas Australia Limited to open at $0.560, and during the day (based on 14 day Average True Range), to move between $0.545 and $0.575, which gives a possible trading interval of +/-$0.0152 (+/-2.72%) up or down from last closing price. If United Overseas Australia Limited takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.565 (0.89%) than the support at $0.550 (1.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is United Overseas Australia Limited stock A Buy?

United Overseas Australia Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.231 Hold/Accumulate Unchanged

Predicted Opening Price for United Overseas Australia Limited of Tuesday, May 28, 2024

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