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 UFPT
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UFP Technologies stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 36.19% PDF

The UFP Technologies stock price gained 0.0198% on the last trading day (Thursday, 28th Mar 2024), rising from $252.15 to $252.20. It has now gained 3 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 2.50% from a day low at $249.74 to a day high of $255.99. The price has risen in 9 of the last 10 days and is up by 31.33% 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, 59 thousand more shares were traded than the day before. In total, 129 thousand shares were bought and sold for approximately $32.54 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $240.83, a level that may pose a second chance to hit a runner. According to fan-theory $276.98 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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UFPT Signals & Forecast

Mostly positive signals in the chart today. The UFP Technologies 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 $241.29 and $207.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 31.33%. 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 UFP Technologies stock

UFP Technologies finds support from accumulated volume at $240.62 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 $6.26 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 4.20%.

The UFP Technologies stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $243.57 (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (UFPT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect UFP Technologies to open at $252.64, and during the day (based on 14 day Average True Range), to move between $242.33 and $262.07, which gives a possible trading interval of +/-$9.87 (+/-3.91%) up or down from last closing price. If UFP Technologies takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $240.62, some $11.58 (4.59%) from the current price of $252.20, our system finds the risk reward attractive.

Is UFP Technologies stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for UFP Technologies stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.750 Buy Candidate Downgraded

Predicted Opening Price for UFP Technologies of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$252.64 ( 0.175%) $252.20

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

Trading levels for UFPT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 258.90 2.66 %
R2 256.51 1.71 %
R1 255.03 1.12 %
Current price: 252.20
Support S1 250.25 -0.772 %
S2 248.78 -1.36 %
S3 246.39 -2.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 252.20
Support S1 240.62 -4.59%
S2 210.58 -16.50%
S3 193.37 -23.33%

FAQ

What is the symbol for UFP Technologies Stock and on which exchange is it traded?
The symbol for UFP Technologies is UFPT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell UFP Technologies Stock?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for UFP Technologies stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of UFP Technologies Stock?
As of the end of day on the 2024-03-28, the price of an UFP Technologies (UFPT) share was $252.20.

What is the 52-week high and low for UFP Technologies Stock?
The 52-week high for UFP Technologies Stock is $257.29 and the 52-week low is $123.68.

What is the market capitalization of UFP Technologies Stock?
As of the 2024-03-28, the market capitalization of UFP Technologies is 1.927B.

When is the next earnings date for UFP Technologies?
The upcoming earnings date for UFP Technologies is May 07, 2024.
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About UFP Technologies

UFP Technologies UFP Technologies, Inc. designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging. The company al... UFPT Profile

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