United Utilities Group PLC Stock Forecast
United Utilities Group PLC stock price down 0.336% on Friday
(Updated on May 17, 2024)
The United Utilities Group PLC stock price fell by -0.336% on the last day (Friday, 17th May 2024) from $28.31 to $28.21. During the last trading day the stock fluctuated 1.04% from a day low at $28.13 to a day high of $28.42. The price has been going up and down for this period, and there has been a 4.25% gain for the last 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 -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately $249.52 thousand.
The stock lies in the upper part of a wide and 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 $28.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.33% during the next 3 months and, with a 90% probability hold a price between $26.43 and $29.26 at the end of this 3-month period.
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UUGRY Signals & Forecast
The United Utilities Group PLC 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 $27.96 and $26.47. 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, May 16, 2024, and so far it has fallen -0.336%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for United Utilities Group PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at $26.17 and $25.89. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, United Utilities Group PLC finds support just below today's level at $26.17. If this is broken, then the next support from accumulated volume will be at $25.89 and $25.79.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.291 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $27.18 (-3.67%) (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 (UUGRY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect United Utilities Group PLC to open at $28.25, and during the day (based on 14 day Average True Range), to move between $27.70 and $28.72, which gives a possible trading interval of +/-$0.506 (+/-1.79%) 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 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.30 (0.30%) than the support at $26.17 (7.23%), 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 United Utilities Group PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for United Utilities Group PLC stock to perform well in the short-term.
Current score: 2.015 Buy Candidate Unchanged
Predicted Opening Price for United Utilities Group PLC of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $28.25 ( 0.155%) | $28.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UUGRY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.54 | 1.19 % | |
| R2 | 28.43 | 0.793 % | ||
| R1 | 28.36 | 0.549 % | ||
| Current price: | 28.21 | |||
| Support | S1 | 28.14 | -0.239 % | |
| S2 | 28.07 | -0.483 % | ||
| S3 | 27.96 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 28.31 | 0.337 % | ||
| R1 | 28.30 | 0.301 % | ||
| Current price | 28.21 | |||
| Support | S1 | 26.17 | -7.23% | |
| S2 | 25.89 | -8.22% | ||
| S3 | 25.79 | -8.59% |
UUGRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 22, 2023 | Dec 21, 2023 | Feb 08, 2024 | $0.389 | 1.50% |
| 2 | May 31, 2023 | Jun 22, 2023 | Aug 08, 2023 | $0.749 | 2.99% |
| 3 | Dec 17, 2022 | Dec 22, 2022 | Feb 08, 2023 | $0.360 | 1.38% |
| 4 | Jun 17, 2022 | Jun 23, 2022 | Aug 08, 2022 | $0.731 | 2.74% |
| 5 | Dec 15, 2021 | Dec 16, 2021 | Feb 08, 2022 | $0.388 | 1.37% |
FAQ
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