United States Lime & Minerals Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
United States Lime & Minerals stock price ended at $320.61 on Wednesday, after gaining 3.42%.
(Updated on May 01, 2024)
The United States Lime & Minerals stock price gained 3.42% on the last trading day (Wednesday, 1st May 2024), rising from $310.00 to $320.61. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.54% from a day low at $310.31 to a day high of $321.29. The price has risen in 8 of the last 10 days and is up by 9.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately $12.17 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.11% during the next 3 months and, with a 90% probability hold a price between $369.04 and $415.44 at the end of this 3-month period.
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USLM Signals & Forecast
Mostly positive signals in the chart today. The United States Lime & Minerals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $308.08 and $298.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 10.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for United States Lime & Minerals stock
United States Lime & Minerals finds support from accumulated volume at $304.88 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 $10.98 (3.54%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $306.94 (-4.26%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (USLM) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect United States Lime & Minerals to open at $317.40, and during the day (based on 14 day Average True Range), to move between $313.89 and $327.33, which gives a possible trading interval of +/-$6.72 (+/-2.10%) up or down from last closing price. If United States Lime & Minerals takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $304.88, some $15.73 (4.91%) from the current price of $320.61, our system finds the risk reward attractive.
Is United States Lime & Minerals stock A Buy?
United States Lime & Minerals holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.429 Strong Buy Candidate Unchanged
Predicted Opening Price for United States Lime & Minerals of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $317.40 ( 1.00%) | $320.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USLM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 328.38 | 2.42 % | |
| R2 | 324.19 | 1.12 % | ||
| R1 | 321.60 | 0.308 % | ||
| Current price: | 320.61 | |||
| Support | S1 | 313.21 | -2.31 % | |
| S2 | 310.62 | -3.12 % | ||
| S3 | 306.42 | -4.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 320.61 | |||
| Support | S1 | 304.88 | -4.91% | |
| S2 | 291.29 | -9.15% | ||
| S3 | 261.70 | -18.37% |
USLM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.250 | 0.0858% |
| 2 | Oct 31, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.200 | 0.0877% |
| 3 | Aug 02, 2023 | Aug 24, 2023 | Sep 15, 2023 | $0.200 | 0.0980% |
| 4 | May 03, 2023 | May 25, 2023 | Jun 16, 2023 | $0.200 | 0.103% |
| 5 | Feb 03, 2023 | Feb 23, 2023 | Mar 17, 2023 | $0.200 | 0.130% |
FAQ
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