UMB Financial Corporation Stock Forecast
UMB Financial Corporation stock upgraded to Buy Candidate.
(Updated on Apr 17, 2024)
The UMB Financial Corporation stock price gained 0.290% on the last trading day (Wednesday, 17th Apr 2024), rising from $79.44 to $79.67. During the last trading day the stock fluctuated 1.25% from a day low at $79.67 to a day high of $80.67. The price has been going up and down for this period, and there has been a -4.25% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 193 thousand shares were bought and sold for approximately $15.39 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $78.81 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect UMB Financial Corporation stock with a 90% probability to be traded between $79.55 and $87.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UMBF Signals & Forecast
The UMB Financial Corporation 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 $80.69 and $81.82. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.290%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 9.51% to $87.24 within 23 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for UMB Financial Corporation stock
UMB Financial Corporation finds support from accumulated volume at $79.42 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 $1.00 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: $74.60 (-6.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (UMBF) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect UMB Financial Corporation to open at $80.00, and during the day (based on 14 day Average True Range), to move between $77.68 and $81.66, which gives a possible trading interval of +/-$1.99 (+/-2.50%) up or down from last closing price. If UMB Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.85 (0.23%) than the support at $79.42 (0.31%), 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.
Earnings coming up
UMB Financial Corporation will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.80. We will update the financials statements for UMB Financial Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.73% in the first trading day after earnings release.
Is UMB Financial Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.192 Buy Candidate Upgraded
Predicted Opening Price for UMB Financial Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $80.00 ( 0.416%) | $79.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.00 | 1.67 % | |
| R2 | 80.62 | 1.19 % | ||
| R1 | 80.38 | 0.89 % | ||
| Current price: | 79.67 | |||
| Support | S1 | 79.62 | -0.0608 % | |
| S2 | 79.39 | -0.356 % | ||
| S3 | 79.01 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.44 | 4.73 % | |
| R2 | 82.50 | 3.55 % | ||
| R1 | 79.85 | 0.226 % | ||
| Current price | 79.67 | |||
| Support | S1 | 79.42 | -0.314% | |
| S2 | 79.27 | -0.502% | ||
| S3 | 78.87 | -1.00% |
UMBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Mar 08, 2024 | Apr 01, 2024 | $0.390 | 0.461% |
| 2 | Oct 24, 2023 | Dec 08, 2023 | Jan 02, 2024 | $0.390 | 0.465% |
| 3 | Jul 25, 2023 | Sep 08, 2023 | Oct 02, 2023 | $0.380 | 0.630% |
| 4 | Apr 25, 2023 | Jun 09, 2023 | Jul 03, 2023 | $0.380 | 0.614% |
| 5 | Jan 24, 2023 | Mar 09, 2023 | Apr 03, 2023 | $0.380 | 0.663% |
FAQ
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