Uniti Group Inc. Stock Forecast
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:
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
Uniti Group Inc. stock price down 0% on Monday
(Updated on Apr 22, 2024)
No changes to the price of Uniti Group Inc. stock on the last trading day (Monday, 22nd Apr 2024). During the last trading day the stock fluctuated 2.27% from a day low at $5.24 to a day high of $5.36. The price has fallen in 6 of the last 10 days and is down by -7.49% for this period.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $5.33. A reaction back to this level may hold a second chance to get out before further falls.
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UNIT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.189%. 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 Uniti Group 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 $5.38 and $5.95. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Uniti Group Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.87 and $4.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Uniti Group Inc. finds support just below today's level at $4.87. If this is broken, then the next support from accumulated volume will be at $4.86 and $4.85.
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 $0.119 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNIT) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Uniti Group Inc. to open at $5.30, and during the day (based on 14 day Average True Range), to move between $5.12 and $5.50, which gives a possible trading interval of +/-$0.193 (+/-3.64%) up or down from last closing price. If Uniti Group Inc. takes out the full calculated possible swing range there will be an estimated 7.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.57 (4.90%) than the support at $4.87 (8.29%), 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 Uniti Group Inc. stock A Buy?
The Uniti Group Inc. stock holds several negative signals and despite the positive trend, we believe Uniti Group Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.208 Sell Candidate Unchanged
Predicted Opening Price for Uniti Group Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $5.30 ( 0.119%) | $5.31 |
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 | 5.42 | 2.12 % | |
| R2 | 5.38 | 1.27 % | ||
| R1 | 5.35 | 0.737 % | ||
| Current price: | 5.31 | |||
| Support | S1 | 5.26 | -0.97 % | |
| S2 | 5.23 | -1.50 % | ||
| S3 | 5.18 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.41 | 20.72 % | |
| R2 | 5.74 | 8.10 % | ||
| R1 | 5.57 | 4.90 % | ||
| Current price | 5.31 | |||
| Support | S1 | 4.87 | -8.29% | |
| S2 | 4.86 | -8.47% | ||
| S3 | 4.85 | -8.66% |
UNIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.150 | 2.67% |
| 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
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