United States Cellular Corporat Stock Forecast
Evaluation of United States Cellular Corporat stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The United States Cellular Corporat stock price gained 0.495% on the last trading day (Tuesday, 25th Jun 2024), rising from $22.24 to $22.35. During the last trading day the stock fluctuated 2.40% from a day low at $22.09 to a day high of $22.62. The price has fallen in 6 of the last 10 days and is down by -2.53% for this period. Volume fell on the last day by -8 thousand shares and in total, 67 thousand shares were bought and sold for approximately $1.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.21% during the next 3 months and, with a 90% probability hold a price between $20.70 and $24.50 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UZD Signals & Forecast
There are few to no technical positive signals at the moment. The United States Cellular Corporat 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 $22.50 and $22.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -4.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for United States Cellular Corporat stock
United States Cellular Corporat finds support from accumulated volume at $22.24 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.530 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 1.94%.
United States Cellular Corporat is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UZD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect United States Cellular Corporat to open at $22.35, and during the day (based on 14 day Average True Range), to move between $21.75 and $22.95, which gives a possible trading interval of +/-$0.596 (+/-2.67%) up or down from last closing price. If United States Cellular Corporat takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.24 (0.49%) than the resistance at $23.33 (4.38%), 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 States Cellular Corporat stock A Buy?
The United States Cellular Corporat stock holds several negative signals and despite the positive trend, we believe United States Cellular Corporat will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.786 Sell Candidate Downgraded
Predicted Opening Price for United States Cellular Corporat of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $22.35 ( 0.0149%) | $22.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UZD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.88 | 2.39% |
| R2 | 22.68 | 1.48% |
| R1 | 22.56 | 0.92% |
| Price | 22.35 | |
| S1 | 22.15 | -0.89% |
| S2 | 22.03 | -1.45% |
| S3 | 21.82 | -2.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.50 | 5.15% |
| R2 | 23.44 | 4.88% |
| R1 | 23.33 | 4.38% |
| Price | 22.35 | |
| S1 | 22.24 | -0.492% |
| S2 | 22.22 | -0.582% |
| S3 | 19.73 | -11.72% |
UZD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 03, 2024 | $0.391 | 1.68% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.391 | 1.89% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 01, 2023 | $0.391 | 2.00% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 01, 2023 | $0.391 | 2.07% |
| 5 | May 30, 2023 | May 30, 2023 | Jun 01, 2023 | $0.391 | 2.31% |
FAQ
Click here for our free guide on how to buy United States Cellular Corporat Stock.
