Universal Logistics Holdings, Inc Stock Analysis
Technical stock analysis for 18 January 2019
Universal Logistics Holdings, Inc gained 2.52% in the last trading day, rising from $20.20 to $20.71 , and 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. The price has risen in 6 of the last 10 days and is up by 11.7% over the past 2 weeks. Volume fell in the last day by -2 911 shares, and in total, 47 852 shares bought and sold for approximately $991 015.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ULH stock was $20.71. This is 2.52% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 3.62% from a day low at $20.14 to a day high of $20.87.
30 day high of the ULH stock price was $20.87 and low was $17.40.
90 day high was $31.09 and low was $17.40.
52 week high for the Universal Logistics Holdings, Inc - $37.68 and low - $17.40.
Universal Logistics Holdings, Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $19.38, a level that may pose a second chance to hit a runner. According to fan-theory $24.33 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Universal Logistics Holdings, Inc holds buy signals from both short- and long-term moving averages, 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 $19.96 and $19.99. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $18.69 and $18.58.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Universal Logistics Holdings, Inc finds support just below today's level at $18.69. If this is broken, then the next support from accumulated volume will be at $18.58 and $18.41.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.73 between high and low, or 3.62%. For the last week the stock has had a daily average volatility of 4.44%.
Our recommended stoploss: $19.94 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
|ULH $20.71 $0.51(2.52%)|
ULH is up $0.51 today, but where's it headed in 2019?
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