UTZ Brands Inc Stock Forecast
UTZ Brands Inc stock price ended at $18.61 on Friday, after losing 0.747%.
(Updated on Apr 26, 2024)
The UTZ Brands Inc stock price fell by -0.747% on the last day (Friday, 26th Apr 2024) from $18.75 to $18.61. During the last trading day the stock fluctuated 1.54% from a day low at $18.51 to a day high of $18.79. The price has risen in 7 of the last 10 days and is up by 8.51% over the past 2 weeks. 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 -383 thousand shares and in total, 343 thousand shares were bought and sold for approximately $6.39 million.
The stock lies the upper part of a wide and 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 $18.74 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 -3.19% during the next 3 months and, with a 90% probability hold a price between $16.36 and $18.14 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UTZ Signals & Forecast
The UTZ Brands 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 $18.20 and $17.93. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, April 25, 2024, and so far it has fallen -0.747%. Further fall is indicated until a new bottom pivot has been found. 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 UTZ Brands Inc stock
UTZ Brands Inc finds support from accumulated volume at $17.70 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 $0.285 between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: $17.87 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (UTZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect UTZ Brands Inc to open at $18.63, and during the day (based on 14 day Average True Range), to move between $18.11 and $19.11, which gives a possible trading interval of +/-$0.495 (+/-2.66%) up or down from last closing price. If UTZ Brands Inc takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.68 (0.38%) than the support at $17.70 (4.89%), 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.
Earnings coming up
UTZ Brands Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for UTZ Brands Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.71% in the first trading day after earnings release.
Is UTZ Brands Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.248 Buy Candidate Unchanged
Predicted Opening Price for UTZ Brands Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $18.63 ( 0.134%) | $18.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.92 | 1.67 % | |
| R2 | 18.81 | 1.08 % | ||
| R1 | 18.74 | 0.719 % | ||
| Current price: | 18.61 | |||
| Support | S1 | 18.53 | -0.451 % | |
| S2 | 18.46 | -0.81 % | ||
| S3 | 18.35 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.04 | 2.31 % | |
| R2 | 18.74 | 0.699 % | ||
| R1 | 18.68 | 0.376 % | ||
| Current price | 18.61 | |||
| Support | S1 | 17.70 | -4.89% | |
| S2 | 17.69 | -4.94% | ||
| S3 | 17.52 | -5.86% |
UTZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Apr 12, 2024 | May 02, 2024 | $0.0590 | 0.317% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Jan 04, 2024 | $0.0570 | 0.330% |
| 3 | Sep 07, 2023 | Sep 15, 2023 | Oct 05, 2023 | $0.0570 | 0.469% |
| 4 | Jun 09, 2023 | Jun 15, 2023 | Jul 06, 2023 | $0.0570 | 0.354% |
| 5 | Apr 06, 2023 | Apr 14, 2023 | May 04, 2023 | $0.0570 | 0.315% |
FAQ
Click here for our free guide on how to buy UTZ Brands Inc Stock.
