United Dominion Realty Trust Inc Stock Forecast
Weaker technical forecast for United Dominion Realty Trust Inc as stock downgraded to Hold/Accumulate.
(Updated on Apr 22, 2024)
The United Dominion Realty Trust Inc stock price gained 1.68% on the last trading day (Monday, 22nd Apr 2024), rising from $36.40 to $37.01. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.18% from a day low at $36.28 to a day high of $37.07. The price has been going up and down for this period, and there has been a -1.65% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $77.11 million. 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 middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.10% during the next 3 months and, with a 90% probability hold a price between $35.96 and $39.29 at the end of this 3-month period.
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UDR Signals & Forecast
The United Dominion Realty Trust Inc 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 $36.04 and $36.89. 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 4.93%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for United Dominion Realty Trust Inc stock
United Dominion Realty Trust Inc finds support from accumulated volume at $36.64 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 $0.790 (2.18%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: $35.61 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (UDR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect United Dominion Realty Trust Inc to open at $36.79, and during the day (based on 14 day Average True Range), to move between $36.19 and $37.83, which gives a possible trading interval of +/-$0.82 (+/-2.21%) up or down from last closing price. If United Dominion Realty Trust Inc takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.16 (0.41%) than the support at $36.64 (1.00%), 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.
Earnings coming up
United Dominion Realty Trust Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.610. We will update the financials statements for United Dominion Realty Trust Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.05% in the first trading day after earnings release.
Is United Dominion Realty Trust Inc stock A Buy?
United Dominion Realty Trust Inc 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. 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 Hold/Accumulate candidate.
Current score: -0.943 Hold/Accumulate Downgraded
Predicted Opening Price for United Dominion Realty Trust Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $36.79 ( 0.603%) | $37.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UDR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.58 | 1.53 % | |
| R2 | 37.27 | 0.716 % | ||
| R1 | 37.09 | 0.212 % | ||
| Current price: | 37.01 | |||
| Support | S1 | 36.48 | -1.42 % | |
| S2 | 36.30 | -1.92 % | ||
| S3 | 36.00 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.22 | 0.567 % | |
| R2 | 37.17 | 0.432 % | ||
| R1 | 37.16 | 0.405 % | ||
| Current price | 37.01 | |||
| Support | S1 | 36.64 | -1.00% | |
| S2 | 36.51 | -1.35% | ||
| S3 | 35.32 | -4.57% |
UDR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | Apr 30, 2024 | $0.425 | 1.15% |
| 2 | Dec 14, 2023 | Jan 09, 2024 | Jan 31, 2024 | $0.420 | 1.17% |
| 3 | Sep 14, 2023 | Oct 06, 2023 | Oct 31, 2023 | $0.420 | 1.32% |
| 4 | Jun 15, 2023 | Jul 07, 2023 | Jul 31, 2023 | $0.420 | 1.03% |
| 5 | Mar 16, 2023 | Apr 06, 2023 | May 01, 2023 | $0.420 | 1.02% |
FAQ
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