Uil Finance Limited Stock Forecast
Uil Finance Limited stock downgraded to Hold/Accumulate
(Updated on Jul 03, 2024)
The Uil Finance Limited stock price gained 3.32% on the last trading day (Wednesday, 3rd Jul 2024), rising from £96.98 to £100.20. During the last trading day the stock fluctuated 0% from a day low at £100.20 to a day high of £100.20. The price has risen in 4 of the last 10 days and is up by 3.3% 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, 15 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately £1.51 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £100.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.15% during the next 3 months and, with a 90% probability hold a price between £99.43 and £104.85 at the end of this 3-month period.
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UTLI.L Signals & Forecast
The Uil Finance Limited 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 £98.56 and £96.30. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, June 27, 2024, and so far it has fallen -0.199%. 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 stock had a Golden Star Signal on Wednesday, April 10, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 10, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Uil Finance Limited stock
Uil Finance Limited finds support from accumulated volume at £96.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: £96.37 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (UTLI.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Uil Finance Limited to open at £100.20, and during the day (based on 14 day Average True Range), to move between £98.17 and £102.23, which gives a possible trading interval of +/-£2.03 (+/-2.03%) up or down from last closing price. If Uil Finance Limited takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £100.40 (0.20%) than the support at £96.98 (3.21%), 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 Uil Finance Limited stock A Buy?
Uil Finance Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Uil Finance Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £100.20 ( 0%) | £100.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTLI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.20 | - |
| R2 | 100.20 | - |
| R1 | 100.20 | - |
| Price | 100.20 | |
| S1 | 100.20 | - |
| S2 | 100.20 | - |
| S3 | 100.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 100.40 | 0.200% |
| Price | 100.20 | |
| S1 | 96.98 | -3.21% |
| S2 | 95.00 | -5.19% |
| S3 | 94.50 | -5.69% |
FAQ
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