RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UTMD
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Utah Medical Products stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Utah Medical Products stock price gained 1.33% on the last trading day (Thursday, 28th Mar 2024), rising from $70.18 to $71.11. During the last trading day the stock fluctuated 1.83% from a day low at $70.07 to a day high of $71.35. The price has risen in 6 of the last 10 days and is up by 2.13% 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, 681 more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $2.28 million.

The stock lies the upper part of a falling 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 $71.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.00% during the next 3 months and, with a 90% probability hold a price between $51.94 and $57.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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UTMD Signals & Forecast

The Utah Medical Products stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $69.43 and $70.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.36%. 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 Utah Medical Products stock

Utah Medical Products finds support from accumulated volume at $70.55 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 $1.29 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: $68.06 (-4.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (UTMD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Utah Medical Products to open at $70.84, and during the day (based on 14 day Average True Range), to move between $69.41 and $72.81, which gives a possible trading interval of +/-$1.70 (+/-2.39%) up or down from last closing price. If Utah Medical Products takes out the full calculated possible swing range there will be an estimated 4.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $71.28 (0.24%) than the support at $70.55 (0.79%), 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 Utah Medical Products stock A Buy?

Utah Medical Products 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.639 Hold/Accumulate Upgraded

Predicted Opening Price for Utah Medical Products of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$70.84 ( 0.377%) $71.11

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

Trading levels for UTMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 72.13 1.43 %
R2 71.64 0.739 %
R1 71.33 0.313 %
Current price: 71.11
Support S1 70.35 -1.07 %
S2 70.05 -1.49 %
S3 69.56 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 74.94 5.39 %
R2 71.45 0.478 %
R1 71.28 0.239 %
Current price 71.11
Support S1 70.55 -0.788%
S2 69.80 -1.84%
S3 68.57 -3.57%

UTMD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Mar 14, 2024 Apr 03, 2024 $0.300 0.422%
2 Oct 31, 2023 Dec 14, 2023 Jan 03, 2024 $0.300 0.365%
3 Aug 06, 2023 Sep 14, 2023 Oct 03, 2023 $0.295 0.343%
4 May 09, 2023 Jun 15, 2023 Jul 06, 2023 $0.295 0.316%
5 Feb 07, 2023 Mar 16, 2023 Apr 04, 2023 $0.295 0.318%

FAQ

What is the symbol for Utah Medical Products Stock and on which exchange is it traded?
The symbol for Utah Medical Products is UTMD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Utah Medical Products Stock?
Utah Medical Products 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Utah Medical Products Stock?
Utah Medical Products Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Utah Medical Products Stock.

What's the current price of Utah Medical Products Stock?
As of the end of day on the 2024-03-28, the price of an Utah Medical Products (UTMD) share was $71.11.

What is the 52-week high and low for Utah Medical Products Stock?
The 52-week high for Utah Medical Products Stock is $100.59 and the 52-week low is $68.00.

What is the market capitalization of Utah Medical Products Stock?
As of the 2024-03-28, the market capitalization of Utah Medical Products is 258.095M.

When is the next earnings date for Utah Medical Products?
The upcoming earnings date for Utah Medical Products is Apr 23, 2024.
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About Utah Medical Products

Utah Medical Products Utah Medical Products, Inc. develops, manufactures, and distributes medical devices for the healthcare industry. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems. It also provides GESCO umbilical vessel catheters; DIALY-NATE disposable peritoneal dialysis sets; PALA-NATE silicone oral prot... UTMD Profile

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