Unique Fabricating, Inc Forecast and Stock Analysis
Technical UFAB stock analysis for April 25, 2019.
|Shorts||7.45% ( 2019-03-29 )|
Unique Fabricating, Inc gained 0.29% in the last trading day, rising from $3.50 to $3.51 The price has fallen in 7 of the last 10 days and is down by -14.39% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 7 113 more shares were traded than the day before. In total, 14 716 shares bought and sold for approximately $51 654.60.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the UFAB stock was $3.51. This is 0.29% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 2.86% from a day low at $3.50 to a day high of $3.60.
30 day high of the UFAB stock price was $4.65 and low was $3.50.
90 day high was $6.68 and low was $3.50.
52 week high for the Unique Fabricating, Inc - $9.70 and low - $3.50.
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 -26.32% during the next 3 months and, with 90% probability hold a price between $2.27 and $3.47 at the end of this period.
There are mixed signals in the stock today. Unique Fabricating, Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $3.70 and $4.18. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday April 24, 2019, which indicates further gains until a new top pivot has been found. Unique Fabricating, Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 7 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.
Support & Resistance
Unique Fabricating, Inc finds support from accumulated volume at $3.50.
This stock may move much during a 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 $0.10 between high and low, or 2.86%. For the last week, the stock has had a daily average volatility of 4.84%.
Unique Fabricating, Inc is overbought on RSI14 (7). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Unique Fabricating, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|UFAB $3.51 ($0.01 0.29%)|
UFAB is up $0.01 today, but where's it headed in 2019?
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