United Bancorp Stock Forecast
United Bancorp stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The United Bancorp stock price gained 1.97% on the last trading day (Thursday, 18th Apr 2024), rising from $12.76 to $13.01. During the last trading day the stock fluctuated 7.21% from a day low at $13.01 to a day high of $13.95. The price has fallen in 7 of the last 10 days and is down by -9.96% for this period. Volume fell on the last day by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $17.03 thousand. 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.77 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.34% during the next 3 months and, with a 90% probability hold a price between $14.86 and $18.55 at the end of this 3-month period.
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UBCP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.45%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The United Bancorp 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 $13.06 and $13.15. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for United Bancorp stock
United Bancorp finds support from accumulated volume at $12.90 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 $0.94 between high and low, or 7.21%. For the last week the stock has had daily average volatility of 6.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UBCP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect United Bancorp to open at $13.32, and during the day (based on 14 day Average True Range), to move between $12.30 and $13.72, which gives a possible trading interval of +/-$0.712 (+/-5.47%) up or down from last closing price. If United Bancorp takes out the full calculated possible swing range there will be an estimated 10.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.90 (0.85%) than the resistance at $13.53 (3.99%), 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 Bancorp stock A Buy?
The United Bancorp stock holds several negative signals and despite the positive trend, we believe United Bancorp 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: -1.511 Sell Candidate Downgraded
Predicted Opening Price for United Bancorp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $13.32 ( 2.40%) | $13.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.26 | 9.62 % | |
| R2 | 13.90 | 6.86 % | ||
| R1 | 13.68 | 5.16 % | ||
| Current price: | 13.01 | |||
| Support | S1 | 12.97 | -0.351 % | |
| S2 | 12.74 | -2.05 % | ||
| S3 | 12.39 | -4.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.33 | 17.82 % | |
| R2 | 14.96 | 14.95 % | ||
| R1 | 13.53 | 3.99 % | ||
| Current price | 13.01 | |||
| Support | S1 | 12.90 | -0.85% | |
| S2 | 12.35 | -5.12% | ||
| S3 | 12.00 | -7.77% |
UBCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 07, 2024 | Mar 20, 2024 | $0.323 | 2.50% |
| 2 | Dec 07, 2023 | Dec 07, 2023 | Dec 20, 2023 | $0.170 | 1.26% |
| 3 | Aug 18, 2023 | Sep 07, 2023 | Sep 20, 2023 | $0.170 | 1.45% |
| 4 | Apr 19, 2023 | Jun 08, 2023 | Jun 20, 2023 | $0.165 | 1.37% |
| 5 | Feb 22, 2023 | Mar 09, 2023 | Mar 20, 2023 | $0.313 | 2.14% |
FAQ
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