United-Guardian Stock Forecast
Green day on Friday for United-Guardian
(Updated on Apr 19, 2024)
The United-Guardian stock price gained 1.91% on the last trading day (Friday, 19th Apr 2024), rising from $7.86 to $8.01. During the last trading day the stock fluctuated 2.82% from a day low at $7.79 to a day high of $8.01. The price has risen in 7 of the last 10 days and is up by 5.39% 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, 1 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $39.48 thousand.
The stock lies in the middle of a 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 -4.57% during the next 3 months and, with a 90% probability hold a price between $7.13 and $8.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UG Signals & Forecast
Mostly positive signals in the chart today. The United-Guardian 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 $7.77 and $7.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 6.66%. 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). United-Guardian 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for United-Guardian stock
United-Guardian finds support from accumulated volume at $7.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.220 between high and low, or 2.82%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $7.69 (-4.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (UG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect United-Guardian to open at $7.94, and during the day (based on 14 day Average True Range), to move between $7.75 and $8.27, which gives a possible trading interval of +/-$0.256 (+/-3.20%) up or down from last closing price. If United-Guardian takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.04 (0.37%) than the support at $7.65 (4.49%), 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 United-Guardian stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.822 Buy Candidate Unchanged
Predicted Opening Price for United-Guardian of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $7.94 ( 0.92%) | $8.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.16 | 1.83 % | |
| R2 | 8.07 | 0.782 % | ||
| R1 | 8.02 | 0.134 % | ||
| Current price: | 8.01 | |||
| Support | S1 | 7.85 | -1.96 % | |
| S2 | 7.80 | -2.61 % | ||
| S3 | 7.72 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.90 | 11.11 % | |
| R2 | 8.40 | 4.87 % | ||
| R1 | 8.04 | 0.375 % | ||
| Current price | 8.01 | |||
| Support | S1 | 7.65 | -4.49% | |
| S2 | 7.63 | -4.74% | ||
| S3 | 7.60 | -5.12% |
UG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.100 | 1.21% |
| 2 | Jul 12, 2023 | Jul 25, 2023 | Aug 02, 2023 | $0.100 | 1.26% |
| 3 | Nov 15, 2022 | Nov 25, 2022 | Dec 07, 2022 | $0.310 | 2.80% |
| 4 | May 12, 2022 | May 20, 2022 | Jun 01, 2022 | $0.370 | 1.90% |
| 5 | Nov 18, 2021 | Nov 26, 2021 | Dec 07, 2021 | $0.650 | 4.26% |
FAQ
Click here for our free guide on how to buy United-Guardian Stock.
