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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UNIT
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Uniti Group Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Mar 18, 2024)

Buy candidate since Mar 18, 2024 PDF

The Uniti Group Inc. stock price fell by -1.45% on the last day (Monday, 18th Mar 2024) from $6.22 to $6.13. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.62% from a day low at $6.10 to a day high of $6.26. The price has fallen in 7 of the last 10 days and is down by -6.41% for this period. 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 -2 million shares and in total, 763 thousand shares were bought and sold for approximately $4.68 million.

The stock lies in the middle of a very 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 9.71% during the next 3 months and, with a 90% probability hold a price between $5.59 and $7.26 at the end of this 3-month period.

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UNIT Signals & Forecast

The Uniti Group Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $6.30. On a fall, the stock will find some support from the long-term average at approximately $5.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -6.55%. Further fall is indicated until a new bottom pivot has been found. 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 Uniti Group Inc. stock

Uniti Group Inc. finds support from accumulated volume at $5.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the 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 $0.160 between high and low, or 2.62%. For the last week, the stock has had daily average volatility of 4.19%.

Our recommended stop-loss: $5.79 (-5.52%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (UNIT) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Uniti Group Inc. to open at $6.16, and during the day (based on 14 day Average True Range), to move between $5.87 and $6.39, which gives a possible trading interval of +/-$0.256 (+/-4.17%) up or down from last closing price. If Uniti Group Inc. takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.86 (4.40%) than the resistance at $6.41 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Uniti Group Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Uniti Group Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.268 Buy Candidate Upgraded

Predicted Opening Price for Uniti Group Inc. of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$6.16 ( 0.544%) $6.13

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

Trading levels for UNIT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.32 3.15 %
R2 6.26 2.16 %
R1 6.22 1.54 %
Current price: 6.13
Support S1 6.10 -0.453 %
S2 6.06 -1.07 %
S3 6.00 -2.07 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.56 7.01 %
R2 6.55 6.85 %
R1 6.41 4.57 %
Current price 6.13
Support S1 5.86 -4.40%
S2 5.66 -7.67%
S3 5.57 -9.14%

UNIT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Mar 27, 2024 Apr 12, 2024 $0.150 2.45%
2 Nov 01, 2023 Dec 14, 2023 Jan 04, 2024 $0.150 2.52%
3 Jul 28, 2023 Sep 07, 2023 Sep 22, 2023 $0.150 3.14%
4 May 02, 2023 Jun 15, 2023 Jun 30, 2023 $0.150 3.25%
5 Feb 23, 2023 Mar 30, 2023 Apr 14, 2023 $0.150 4.50%

FAQ

What is the symbol for Uniti Group Inc. Stock and on which exchange is it traded?
The symbol for Uniti Group Inc. is UNIT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Uniti Group Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Uniti Group Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Uniti Group Inc. Stock?
Uniti Group Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Uniti Group Inc. Stock.

What's the current price of Uniti Group Inc. Stock?
As of the end of day on the 2024-03-18, the price of an Uniti Group Inc. (UNIT) share was $6.13.

What is the 52-week high and low for Uniti Group Inc. Stock?
The 52-week high for Uniti Group Inc. Stock is $6.71 and the 52-week low is $2.94.

What is the market capitalization of Uniti Group Inc. Stock?
As of the 2024-03-18, the market capitalization of Uniti Group Inc. is 1.464B.

When is the next earnings date for Uniti Group Inc.?
The upcoming earnings date for Uniti Group Inc. is May 02, 2024.
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About Uniti Group Inc.

Uniti Group. Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.... UNIT Profile

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