Universal Technical Institute Inc Stock Forecast
Green day on Wednesday for Universal Technical Institute Inc stock after gaining 0.460%
(Updated on May 01, 2024)
The Universal Technical Institute Inc stock price gained 0.460% on the last trading day (Wednesday, 1st May 2024), rising from $15.22 to $15.29. During the last trading day the stock fluctuated 3.12% from a day low at $15.06 to a day high of $15.53. The price has risen in 6 of the last 10 days and is up by 7.15% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 357 thousand shares were bought and sold for approximately $5.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Universal Technical Institute Inc stock with a 90% probability to be traded between $13.91 and $15.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UTI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.42%. 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). The Universal Technical Institute Inc 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 $15.04 and $14.89. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Universal Technical Institute Inc stock
Universal Technical Institute Inc finds support from accumulated volume at $14.86 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.470 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: $14.68 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (UTI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Universal Technical Institute Inc to open at $15.29, and during the day (based on 14 day Average True Range), to move between $14.85 and $15.73, which gives a possible trading interval of +/-$0.443 (+/-2.90%) 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 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.86 (2.81%) than the resistance at $15.80 (3.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Universal Technical Institute Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.150. We will update the financials statements for Universal Technical Institute Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.02% in the first trading day after earnings release.
Is Universal Technical Institute Inc stock A Buy?
Universal Technical Institute 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: 0.697 Hold/Accumulate Unchanged
Predicted Opening Price for Universal Technical Institute Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $15.29 ( 0.0216%) | $15.29 |
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 | 15.76 | 3.09 % | |
| R2 | 15.58 | 1.92 % | ||
| R1 | 15.47 | 1.20 % | ||
| Current price: | 15.29 | |||
| Support | S1 | 15.11 | -1.15 % | |
| S2 | 15.00 | -1.88 % | ||
| S3 | 14.82 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.20 | 5.95 % | |
| R2 | 15.94 | 4.25 % | ||
| R1 | 15.80 | 3.34 % | ||
| Current price | 15.29 | |||
| Support | S1 | 14.86 | -2.81% | |
| S2 | 14.85 | -2.88% | ||
| S3 | 14.52 | -5.04% |
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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