UCB S.A. Stock Forecast

UCB S.A. stock price ended at 119.90€ on Wednesday, after gaining 0.461%.
(Updated on Apr 17, 2024)

UCB.BB Signals & Forecast

The UCB S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 118.02€ and 111.54€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -0.622%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for UCB S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 106.50€ and 105.00€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, UCB S.A. finds support just below today's level at 106.50€. If this is broken, then the next support from accumulated volume will be at 105.00€ and 104.40€.

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 2.20€ between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 2.38%.

Our recommended stop-loss: 115.31€ (-3.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (UCB.BB) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect UCB S.A. to open at 119.27€, and during the day (based on 14 day Average True Range), to move between 117.59€ and 122.21€, which gives a possible trading interval of +/-2.31€ (+/-1.93%) up or down from last closing price. If UCB S.A. takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 120.65€ (0.63%) than the support at 106.50€ (11.18%), 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 UCB S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for UCB S.A. stock to perform well in the short-term.

Current score: 3.432 Buy Candidate Unchanged

Predicted Opening Price for UCB S.A. of Thursday, April 18, 2024

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