UBS AG Stock Forecast
UBS AG stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The UBS AG stock price fell by -2.40% on the last day (Wednesday, 8th May 2024) from $29.54 to $28.83. During the last trading day the stock fluctuated 0.95% from a day low at $28.83 to a day high of $29.10. The price has risen in 6 of the last 10 days and is up by 5.37% over the past 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 -2 million shares and in total, 3 million shares were bought and sold for approximately $90.29 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect UBS AG stock with a 90% probability to be traded between $25.63 and $30.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UBS Signals & Forecast
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 UBS AG 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 $29.20. On a fall, the stock will find some support from the short-term average at $27.57. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.40%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for UBS AG stock
UBS AG finds support from accumulated volume at $28.45 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.275 between high and low, or 0.95%. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UBS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect UBS AG to open at $28.92, and during the day (based on 14 day Average True Range), to move between $28.15 and $29.51, which gives a possible trading interval of +/-$0.684 (+/-2.37%) up or down from last closing price. If UBS AG takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.14 (1.08%) than the support at $28.45 (1.32%), 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 UBS AG stock A Buy?
UBS AG 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.717 Sell Candidate Downgraded
Predicted Opening Price for UBS AG of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $28.92 ( 0.306%) | $28.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.19 | 1.26 % | |
| R2 | 29.09 | 0.90 % | ||
| R1 | 29.02 | 0.671 % | ||
| Current price: | 28.83 | |||
| Support | S1 | 28.81 | -0.0580 % | |
| S2 | 28.75 | -0.283 % | ||
| S3 | 28.64 | -0.647 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.15 | 8.05 % | |
| R2 | 29.54 | 2.46 % | ||
| R1 | 29.14 | 1.08 % | ||
| Current price | 28.83 | |||
| Support | S1 | 28.45 | -1.32% | |
| S2 | 28.06 | -2.67% | ||
| S3 | 26.82 | -6.97% |
UBS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | May 01, 2024 | May 03, 2024 | $0.228 | 0.84% |
| 2 | Feb 06, 2024 | Apr 30, 2024 | May 03, 2024 | $0.697 | 2.57% |
| 3 | Jan 31, 2023 | Apr 12, 2023 | Apr 14, 2023 | $0.550 | 2.51% |
| 4 | Feb 02, 2022 | Apr 12, 2022 | Apr 14, 2022 | $0.500 | 2.84% |
| 5 | Jan 27, 2021 | Apr 13, 2021 | Apr 15, 2021 | $0.370 | 2.33% |
FAQ
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