United Utilities Group Plc Stock Forecast
United Utilities Group Plc stock price ended at £1,006.00 on Tuesday, after losing 0.347%.
(Updated on Jun 25, 2024)
The United Utilities Group Plc stock price fell by -0.347% on the last day (Tuesday, 25th Jun 2024) from £1,009.50 to £1,006.00. During the last trading day the stock fluctuated 1.39% from a day low at £1,004.50 to a day high of £1,018.50. The price has fallen in 6 of the last 10 days and is down by -0.45% 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 -633 thousand shares and in total, 5 million shares were bought and sold for approximately £4.59 billion.
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 United Utilities Group Plc stock with a 90% probability to be traded between £967.90 and £1,095.14 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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UU.L Signals & Forecast
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. The United Utilities Group Plc 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 £1,011.63 and £1,042.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -4.24%. 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 United Utilities Group Plc stock
United Utilities Group Plc finds support from accumulated volume at £1,003.50 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 £14.00 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UU.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect United Utilities Group Plc to open at £1,009.67, and during the day (based on 14 day Average True Range), to move between £980.03 and £1,031.97, which gives a possible trading interval of +/-£25.97 (+/-2.58%) up or down from last closing price. If United Utilities Group Plc takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,003.50 (0.25%) than the resistance at £1,014.50 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Utilities Group Plc stock A Buy?
United Utilities Group Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.370 Sell Candidate Unchanged
Predicted Opening Price for United Utilities Group Plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £1,009.67 ( 0.364%) | £1,006.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,023.67 | 1.76% |
| R2 | 1,018.32 | 1.22% |
| R1 | 1,015.01 | 0.90% |
| Price | 1,006.00 | |
| S1 | 1,004.32 | -0.167% |
| S2 | 1,001.01 | -0.496% |
| S3 | 995.67 | -1.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,024.00 | 1.79% |
| R2 | 1,016.00 | 0.99% |
| R1 | 1,014.50 | 0.84% |
| Price | 1,006.00 | |
| S1 | 1,003.50 | -0.249% |
| S2 | 990.80 | -1.51% |
| S3 | 981.80 | -2.41% |
UU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Aug 01, 2024 | £33.19 | 3.28% |
| 2 | Nov 16, 2023 | Dec 21, 2023 | Feb 01, 2024 | £16.59 | 1.56% |
| 3 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £30.34 | 3.03% |
| 4 | Nov 23, 2022 | Dec 22, 2022 | Feb 01, 2023 | £15.17 | 1.44% |
| 5 | May 26, 2022 | Jun 23, 2022 | Aug 01, 2022 | £29.00 | 2.64% |
FAQ
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