United Community Banks Stock Forecast
Green day on Wednesday for United Community Banks
(Updated on Apr 24, 2024)
The United Community Banks stock price gained 0.573% on the last trading day (Wednesday, 24th Apr 2024), rising from $26.18 to $26.33. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.88% from a day low at $25.54 to a day high of $26.53. The price has risen in 8 of the last 10 days and is up by 5.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 576 thousand shares were bought and sold for approximately $15.16 million.
Given the current short-term trend, the stock is expected to fall -9.98% during the next 3 months and, with a 90% probability hold a price between $21.84 and $23.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UCBI Signals & Forecast
The United Community Banks stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.30 and $25.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.29%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for United Community Banks stock
United Community Banks finds support from accumulated volume at $25.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.99 (3.88%) between high and low. For the last week, the stock has had daily average volatility of 3.06%.
Since the United Community Banks has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $25.34 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (UCBI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect United Community Banks to open at $26.13, and during the day (based on 14 day Average True Range), to move between $25.63 and $27.03, which gives a possible trading interval of +/-$0.700 (+/-2.66%) up or down from last closing price. If United Community Banks takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.75 (2.20%) than the resistance at $27.31 (3.72%), 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 Community Banks stock A Buy?
United Community Banks holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.916 Hold/Accumulate Unchanged
Predicted Opening Price for United Community Banks of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $26.13 ( 0.746%) | $26.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UCBI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.12 | 3.02 % | |
| R2 | 26.75 | 1.58 % | ||
| R1 | 26.51 | 0.691 % | ||
| Current price: | 26.33 | |||
| Support | S1 | 25.76 | -2.18 % | |
| S2 | 25.52 | -3.07 % | ||
| S3 | 25.14 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.52 | 8.32 % | |
| R2 | 27.66 | 5.05 % | ||
| R1 | 27.31 | 3.72 % | ||
| Current price | 26.33 | |||
| Support | S1 | 25.75 | -2.20% | |
| S2 | 25.25 | -4.10% | ||
| S3 | 24.90 | -5.43% |
UCBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.230 | 0.91% |
| 2 | Nov 27, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.230 | 0.798% |
| 3 | Aug 21, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.230 | 0.90% |
| 4 | May 18, 2023 | Jun 14, 2023 | Jul 05, 2023 | $0.230 | 0.91% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Apr 05, 2023 | $0.230 | 0.84% |
FAQ
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