United Maritime Corporation Stock Forecast

Stronger technical forecast for United Maritime Corporation stock price after Tuesday trading.
(Updated on Jun 18, 2024)

USEA Signals & Forecast

There are few to no technical positive signals at the moment. The United Maritime Corporation 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 $2.59 and $2.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -9.01%. 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). 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 Maritime Corporation stock

United Maritime Corporation finds support from accumulated volume at $2.53 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 $0.0299 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: $2.41 (-6.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)

Trading Expectations (USEA) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect United Maritime Corporation to open at $2.58, and during the day (based on 14 day Average True Range), to move between $2.51 and $2.64, which gives a possible trading interval of +/-$0.0671 (+/-2.61%) up or down from last closing price. If United Maritime Corporation takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.59 (0.58%) than the support at $2.53 (1.75%), 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 Maritime Corporation stock A Buy?

United Maritime Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.964 Hold/Accumulate Upgraded

Predicted Opening Price for United Maritime Corporation of Thursday, June 20, 2024

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