Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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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Stronger technical forecast for Uniti Group Inc. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Loss -3.75% PDF

The Uniti Group Inc. stock price gained 0.511% on the last trading day (Thursday, 28th Mar 2024), rising from $5.87 to $5.90. During the last trading day the stock fluctuated 2.23% from a day low at $5.84 to a day high of $5.97. The price has been going up and down for this period, and there has been a -5.45% loss for the last 2 weeks. Volume fell on the last day by -247 thousand shares and in total, 2 million shares were bought and sold for approximately $10.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and strong 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 13.01% during the next 3 months and, with a 90% probability hold a price between $5.96 and $7.61 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 $6.06. On a fall, the stock will find some support from the long-term average at approximately $5.87. 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. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 0.511%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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 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 $0.130 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 3.13%.

Uniti Group Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $5.56 (-5.85%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (UNIT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Uniti Group Inc. to open at $5.90, and during the day (based on 14 day Average True Range), to move between $5.68 and $6.12, which gives a possible trading interval of +/-$0.224 (+/-3.80%) up or down from last closing price. If Uniti Group Inc. takes out the full calculated possible swing range there will be an estimated 7.60% 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 (0.68%) than the resistance at $6.41 (8.64%), 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: 4.127 Buy Candidate Upgraded

Predicted Opening Price for Uniti Group Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.90 ( 0.0565%) $5.90

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 6.03 2.26 %
R2 5.98 1.42 %
R1 5.95 0.90 %
Current price: 5.90
Support S1 5.85 -0.785 %
S2 5.82 -1.31 %
S3 5.77 -2.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.56 11.19 %
R2 6.55 11.02 %
R1 6.41 8.64 %
Current price 5.90
Support S1 5.86 -0.678%
S2 5.66 -4.07%
S3 5.57 -5.59%

UNIT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Mar 27, 2024 Apr 12, 2024 $0.150 2.54%
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 2024-03-28, the price of an Uniti Group Inc. (UNIT) share was $5.90.

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 2024-03-28, the market capitalization of Uniti Group Inc. is 1.409B.

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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