Universal Health Realty Income Trust Stock Forecast

Green day on Friday for Universal Health Realty Income Trust stock after gaining 2.32%
(Updated on Apr 19, 2024)

UHT Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.30%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Universal Health Realty Income Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $35.81. On a fall, the stock will find some support from the short-term average at $33.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Universal Health Realty Income Trust stock

Universal Health Realty Income Trust finds support from accumulated volume at $33.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.96 between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 2.80%.

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

Trading Expectations (UHT) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Universal Health Realty Income Trust to open at $33.16, and during the day (based on 14 day Average True Range), to move between $32.45 and $34.45, which gives a possible trading interval of +/-$1.00 (+/-2.98%) up or down from last closing price. If Universal Health Realty Income Trust takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $33.40 (0.15%) than the resistance at $35.34 (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Universal Health Realty Income Trust stock A Buy?

Universal Health Realty Income Trust 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.

Current score: -1.965 Sell Candidate Unchanged

Predicted Opening Price for Universal Health Realty Income Trust of Monday, April 22, 2024

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