Universal Technical Institute Inc Stock Forecast
Universal Technical Institute Inc stock price down 0.280% on Thursday
(Updated on Apr 18, 2024)
The Universal Technical Institute Inc stock price fell by -0.280% on the last day (Thursday, 18th Apr 2024) from $14.27 to $14.23. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.97% from a day low at $14.20 to a day high of $14.48. The price has fallen in 7 of the last 10 days and is down by -3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 204 thousand shares were bought and sold for approximately $2.90 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $14.61 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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UTI Signals & Forecast
There are few to no technical positive signals at the moment. The Universal Technical Institute 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 $14.72 and $14.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.73%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Universal Technical Institute Inc stock
Universal Technical Institute Inc finds support from accumulated volume at $14.13 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 $0.280 (1.97%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $13.41 (-5.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (UTI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Universal Technical Institute Inc to open at $14.30, and during the day (based on 14 day Average True Range), to move between $13.77 and $14.69, which gives a possible trading interval of +/-$0.462 (+/-3.24%) up or down from last closing price. If Universal Technical Institute Inc takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.13 (0.70%) than the resistance at $14.85 (4.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Universal Technical Institute Inc stock A Buy?
Universal Technical Institute Inc 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: -0.755 Hold/Accumulate Unchanged
Predicted Opening Price for Universal Technical Institute Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $14.30 ( 0.515%) | $14.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.58 | 2.48 % | |
| R2 | 14.48 | 1.73 % | ||
| R1 | 14.41 | 1.27 % | ||
| Current price: | 14.23 | |||
| Support | S1 | 14.20 | -0.236 % | |
| S2 | 14.13 | -0.701 % | ||
| S3 | 14.02 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.20 | 13.84 % | |
| R2 | 14.86 | 4.43 % | ||
| R1 | 14.85 | 4.36 % | ||
| Current price | 14.23 | |||
| Support | S1 | 14.13 | -0.703% | |
| S2 | 14.12 | -0.773% | ||
| S3 | 13.95 | -1.97% |
UTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 03, 2016 | Mar 17, 2016 | Mar 31, 2016 | $0.0200 | 0.464% |
| 2 | Nov 20, 2015 | Dec 02, 2015 | Dec 18, 2015 | $0.0200 | 0.490% |
| 3 | Sep 16, 2015 | Sep 24, 2015 | Oct 05, 2015 | $0.0200 | 0.433% |
| 4 | Jun 09, 2015 | Jun 17, 2015 | Jun 30, 2015 | $0.100 | 1.16% |
| 5 | Feb 18, 2015 | Mar 18, 2015 | Mar 31, 2015 | $0.100 | 1.04% |
FAQ
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