United Utilities Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
United Utilities Group Plc stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The United Utilities Group Plc stock price fell by -1.35% on the last day (Friday, 28th Jun 2024) from £996.00 to £982.60. During the last trading day the stock fluctuated 1.21% from a day low at £977.00 to a day high of £988.80. The price has fallen in 7 of the last 10 days and is down by -6.46% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £1.51 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £973.35 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.11% during the next 3 months and, with a 90% probability hold a price between £952.80 and £1,077.10 at the end of this 3-month period.
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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 £999.07 and £1,036.18. 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 -6.46%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for United Utilities Group Plc stock
United Utilities Group Plc finds support from accumulated volume at £981.80 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 £11.80 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: £950.28 (-3.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (UU.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect United Utilities Group Plc to open at £982.80, and during the day (based on 14 day Average True Range), to move between £959.02 and £1,006.18, which gives a possible trading interval of +/-£23.58 (+/-2.40%) 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 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £981.80 (0.08%) than the resistance at £1,006.00 (2.38%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
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 United Utilities Group Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £982.80 ( 0.0204%) | £982.60 |
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 | 994.60 | 1.22% |
| R2 | 990.09 | 0.763% |
| R1 | 987.31 | 0.479% |
| Price | 982.60 | |
| S1 | 978.29 | -0.438% |
| S2 | 975.51 | -0.722% |
| S3 | 971.00 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,016.00 | 3.40% |
| R2 | 1,014.50 | 3.25% |
| R1 | 1,006.00 | 2.38% |
| Price | 982.60 | |
| S1 | 981.80 | -0.0814% |
| S2 | 0 | - |
| S3 | 0 | - |
UU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Aug 01, 2024 | £33.19 | 3.38% |
| 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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