RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UEIC
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Green day on Wednesday for Universal Electronics Inc.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 6.63% PDF

The Universal Electronics Inc. stock price gained 1.30% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.00 to $10.13. During the last trading day the stock fluctuated 1.80% from a day low at $10.00 to a day high of $10.18. The price has risen in 7 of the last 10 days and is up by 17.11% 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, 3 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately $381.75 thousand.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $10.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.69% during the next 3 months and, with a 90% probability hold a price between $8.59 and $10.55 at the end of this 3-month period.

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UEIC Signals & Forecast

The Universal Electronics Inc. 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 $10.07 and $8.94. 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). Universal Electronics Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, March 25, 2024, and so far it has fallen -0.295%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Universal Electronics Inc. stock

Universal Electronics Inc. finds support from accumulated volume at $10.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.180 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 3.13%.

The Universal Electronics Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $9.77 (-3.53%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (UEIC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Universal Electronics Inc. to open at $10.10, and during the day (based on 14 day Average True Range), to move between $9.71 and $10.55, which gives a possible trading interval of +/-$0.420 (+/-4.14%) up or down from last closing price. If Universal Electronics Inc. takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.16 (0.30%) than the support at $10.06 (0.69%), 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 Universal Electronics Inc. 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 Universal Electronics Inc. stock to perform well in the short-term.

Current score: 2.891 Buy Candidate Unchanged

Predicted Opening Price for Universal Electronics Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$10.10 ( 0.263%) $10.13

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

Trading levels for UEIC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.28 1.51 %
R2 10.21 0.83 %
R1 10.17 0.416 %
Current price: 10.13
Support S1 10.03 -0.94 %
S2 9.99 -1.36 %
S3 9.92 -2.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 10.16 0.296 %
Current price 10.13
Support S1 10.06 -0.691%
S2 9.50 -6.22%
S3 8.58 -15.30%

FAQ

What is the symbol for Universal Electronics Inc. Stock and on which exchange is it traded?
The symbol for Universal Electronics Inc. is UEIC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Universal Electronics Inc. Stock?
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 Universal Electronics Inc. stock to perform well in the short-term.

How to buy Universal Electronics Inc. Stock?
Universal Electronics Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Universal Electronics Inc. Stock.

What's the current price of Universal Electronics Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Universal Electronics Inc. (UEIC) share was $10.13.

What is the 52-week high and low for Universal Electronics Inc. Stock?
The 52-week high for Universal Electronics Inc. Stock is $11.84 and the 52-week low is $7.02.

What is the market capitalization of Universal Electronics Inc. Stock?
As of the 2024-03-27, the market capitalization of Universal Electronics Inc. is 131.365M.

When is the next earnings date for Universal Electronics Inc.?
The upcoming earnings date for Universal Electronics Inc. is May 02, 2024.
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About Universal Electronics Inc.

Universal Electronics. Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets. The company offers universal radio frequency (RF) and infrared remote controls primarily for sale to video service providers, origi... UEIC Profile

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