Universal Logistics Holdings, Inc Forecast and Stock Analysis
Technical ULH stock analysis for March 19, 2019.
Universal Logistics Holdings, Inc fell by -5.19% in the last day from $21.40 to $20.29 The price has been going up and down for this period, and there has been a -4.29% loss for the last 2 weeks. Volume has increased in the last day by 14 759 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 33 551 shares bought and sold for approximately $680 750.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ULH stock was $20.29. This is 5.19% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 5.62% from a day low at $20.27 to a day high of $21.41.
30 day high of the ULH stock price was $23.75 and low was $19.52.
90 day high was $23.75 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 wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $20.83. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Universal Logistics Holdings, 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 $21.05 and $21.57. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Universal Logistics Holdings, Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 28 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.14 between high and low, or 5.62%. For the last week, the stock has had a daily average volatility of 3.74%.
Universal Logistics Holdings, Inc is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Universal Logistics Holdings, Inc stock holds several negative signals and despite the positive trend we believe Universal Logistics Holdings, Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.