Universe Pharmaceuticals INC Stock Forecast

Universe Pharmaceuticals INC stock price down 2.30% on Tuesday
(Updated on Jun 25, 2024)

UPC Signals & Forecast

The Universe Pharmaceuticals INC 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 $2.42 and $2.44. 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 Friday, May 31, 2024, and so far it has fallen -12.76%. Further fall is indicated until a new bottom pivot has been found. 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 Universe Pharmaceuticals INC stock

Universe Pharmaceuticals INC finds support from accumulated volume at $2.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 3.53%. For the last week the stock has had daily average volatility of 7.41%.

Our recommended stop-loss: $2.40 (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (UPC) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Universe Pharmaceuticals INC to open at $2.58, and during the day (based on 14 day Average True Range), to move between $2.31 and $2.79, which gives a possible trading interval of +/-$0.244 (+/-9.58%) up or down from last closing price. If Universe Pharmaceuticals INC takes out the full calculated possible swing range there will be an estimated 19.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.58 (1.18%) than the support at $2.50 (1.96%), 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 Universe Pharmaceuticals INC stock A Buy?

Universe Pharmaceuticals INC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.560 Hold/Accumulate Unchanged

Predicted Opening Price for Universe Pharmaceuticals INC of Wednesday, June 26, 2024

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