United Security Bancshares Stock Forecast

Red day on Tuesday for United Security Bancshares
(Updated on May 07, 2024)

UBFO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. 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 Security Bancshares stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.36. On a fall, the stock will find some support from the short-term average at $7.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. United Security Bancshares gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 7.27% to $7.79 within 9 trading days since signal was issued (Wednesday, May 08, 2024).

Support, Risk & Stop-loss for United Security Bancshares stock

United Security Bancshares finds support from accumulated volume at $7.18 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 $0.190 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UBFO) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect United Security Bancshares to open at $7.32, and during the day (based on 14 day Average True Range), to move between $7.09 and $7.43, which gives a possible trading interval of +/-$0.173 (+/-2.38%) up or down from last closing price. If United Security Bancshares takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.18 (1.10%) than the resistance at $7.35 (1.24%), 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 Security Bancshares stock A Buy?

United Security Bancshares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.950 Sell Candidate Unchanged

Predicted Opening Price for United Security Bancshares of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.