VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

UFAB Forecast and Technical Stock Analysis

Sell candidate since 2019-07-18

Unique Fabricating, Inc fell by -4.00% in the last day ( Thursday, 18th Jul 2019 ) from $3.00 to $2.88 During day the stock fluctuated 6.94% from a day low at $2.88 to a day high of $3.08. The price has been going up and down for this period, and there has been a -4% loss for the last 2 weeks. Volume has increased in the last day by 7 555 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 9 038 shares bought and sold for approximately $26 029.40.

Quick summary:

  • 30 day high of the UFAB stock price was $3.17 and low was $2.63.
  • 90 day high was $3.92 and low was $2.63.
  • 52 week high for the Unique Fabricating, Inc - $8.89 and low - $2.63.
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Trend

Unique Fabricating, Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.15% during the next 3 months and, with 90% probability hold a price between $1.84 and $2.49 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Unique Fabricating, Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $2.97 and $2.92. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Unique Fabricating, Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.

A sell signal from a double bottom formation was found on Wednesday July 17, 2019 with a target of $2.92. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 56 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Unique Fabricating, Inc finds support from accumulated volume at $2.87.

Support: $2.87 Price: $2.88 Resistance: $2.90

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.20 (6.94%) between high and low. For the last week, the stock has had a daily average volatility of 3.35%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

3.35 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Sell Candidate Downgraded

Evaluation

Unique Fabricating, Inc holds several negative signals and is within a very wide and falling trend, so we believe 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 recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.

Will UFAB stock price go up or down on Mon, 22 Jul 2019?

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