Universal Logistics Holdings, Inc Stock Forecast

Universal Logistics Holdings, Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)

ULH Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.32%. Further rise is indicated 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. The Universal Logistics Holdings, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $32.87 and $34.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Universal Logistics Holdings, Inc stock

Universal Logistics Holdings, Inc finds support from accumulated volume at $32.10 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.790 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 3.10%.

Universal Logistics Holdings, Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $30.40 (-5.58%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (ULH) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Universal Logistics Holdings, Inc to open at $32.39, and during the day (based on 14 day Average True Range), to move between $30.93 and $33.47, which gives a possible trading interval of +/-$1.27 (+/-3.94%) up or down from last closing price. If Universal Logistics Holdings, Inc takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $32.10 (0.31%) than the resistance at $34.08 (5.84%), 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 Logistics Holdings, Inc stock A Buy?

Universal Logistics Holdings, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.116 Hold/Accumulate Upgraded

Predicted Opening Price for Universal Logistics Holdings, Inc of Friday, April 19, 2024

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