UMH Properties Inc Stock Forecast
UMH Properties Inc stock price down 0.84% on Monday
(Updated on Apr 15, 2024)
The UMH Properties Inc stock price fell by -0.84% on the last day (Monday, 15th Apr 2024) from $15.45 to $15.32. During the last trading day the stock fluctuated 1.64% from a day low at $15.26 to a day high of $15.51. The price has been going up and down for this period, and there has been a -3.89% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -78 thousand shares and in total, 260 thousand shares were bought and sold for approximately $3.98 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.05% during the next 3 months and, with a 90% probability hold a price between $15.81 and $17.73 at the end of this 3-month period.
UMH Signals & Forecast
There are few to no technical positive signals at the moment. The UMH Properties 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 $15.74 and $15.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for UMH Properties Inc stock
UMH Properties Inc finds support from accumulated volume at $15.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UMH) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect UMH Properties Inc to open at $15.36, and during the day (based on 14 day Average True Range), to move between $14.95 and $15.69, which gives a possible trading interval of +/-$0.373 (+/-2.44%) up or down from last closing price. If UMH Properties Inc takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.40 (0.52%) than the support at $15.11 (1.37%), 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.
Is UMH Properties Inc stock A Buy?
The UMH Properties Inc stock holds several negative signals and despite the positive trend, we believe UMH Properties Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.997 Sell Candidate Unchanged
Predicted Opening Price for UMH Properties Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $15.36 ( 0.283%) | $15.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UMH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.61 | 1.91 % | |
| R2 | 15.52 | 1.29 % | ||
| R1 | 15.46 | 0.91 % | ||
| Current price: | 15.32 | |||
| Support | S1 | 15.27 | -0.341 % | |
| S2 | 15.21 | -0.726 % | ||
| S3 | 15.11 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.23 | 5.94 % | |
| R2 | 16.14 | 5.35 % | ||
| R1 | 15.40 | 0.522 % | ||
| Current price | 15.32 | |||
| Support | S1 | 15.11 | -1.37% | |
| S2 | 14.53 | -5.16% | ||
| S3 | 14.36 | -6.27% |
UMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | May 14, 2024 | Jun 17, 2024 | $0.215 | 1.40% |
| 2 | Jan 10, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.205 | 1.31% |
| 3 | Oct 02, 2023 | Nov 14, 2023 | Dec 15, 2023 | $0.210 | 1.39% |
| 4 | Jul 03, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.205 | 1.41% |
| 5 | Apr 03, 2023 | May 12, 2023 | Jun 15, 2023 | $0.205 | 1.26% |
FAQ
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