Universal Corporation Stock Forecast
Universal Corporation stock price ended at $47.85 on Tuesday, after gaining 0.441%.
(Updated on Jul 02, 2024)
The Universal Corporation stock price gained 0.441% on the last trading day (Tuesday, 2nd Jul 2024), rising from $47.64 to $47.85. During the last trading day the stock fluctuated 1.48% from a day low at $47.71 to a day high of $48.42. The price has risen in 6 of the last 10 days and is up by 2% 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, 11 thousand more shares were traded than the day before. In total, 119 thousand shares were bought and sold for approximately $5.70 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.77% during the next 3 months and, with a 90% probability hold a price between $40.27 and $48.08 at the end of this 3-month period.
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UVV Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Universal Corporation 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 $47.88 and $48.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -0.706%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Universal Corporation stock
Universal Corporation finds support from accumulated volume at $47.81 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 $0.708 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UVV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Universal Corporation to open at $47.99, and during the day (based on 14 day Average True Range), to move between $46.85 and $48.85, which gives a possible trading interval of +/-$1.00 (+/-2.08%) up or down from last closing price. If Universal Corporation takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $47.81 (0.08%) than the resistance at $50.62 (5.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Universal Corporation stock A Buy?
Universal Corporation 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: -2.946 Sell Candidate Unchanged
Predicted Opening Price for Universal Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $47.99 ( 0.301%) | $47.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UVV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.70 | 1.78% |
| R2 | 48.43 | 1.22% |
| R1 | 48.26 | 0.87% |
| Price | 47.85 | |
| S1 | 47.72 | -0.265% |
| S2 | 47.56 | -0.614% |
| S3 | 47.29 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.91 | 8.48% |
| R2 | 51.87 | 8.40% |
| R1 | 50.62 | 5.79% |
| Price | 47.85 | |
| S1 | 47.81 | -0.0836% |
| S2 | 46.52 | -2.78% |
| S3 | 46.00 | -3.87% |
UVV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Aug 05, 2024 | $0.81 | 1.69% |
| 2 | Apr 05, 2024 | Apr 05, 2024 | May 06, 2024 | $0.80 | 1.50% |
| 3 | Nov 02, 2023 | Jan 05, 2024 | Feb 05, 2024 | $0.80 | 1.38% |
| 4 | Aug 02, 2023 | Oct 05, 2023 | Nov 06, 2023 | $0.80 | 1.56% |
| 5 | May 24, 2023 | Jul 07, 2023 | Aug 07, 2023 | $0.80 | 1.63% |
FAQ
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