UONEK Forecast and Technical Stock Analysis
Buy candidate since 2019-10-16 Gain 4.76% PDF
Urban One Inc gained 4.76% in the last trading day ( Thursday, 17th Oct 2019 ), rising from $2.10 to $2.20 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.64% from a day low at $2.11 to a day high of $2.21. The price has risen in 5 of the last 10 days and is up by 10% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 505 507 more shares were traded than the day before. In total, 545 613 shares bought and sold for approximately $1.20 million.
- 30 day high of the UONEK stock price was $2.21 and low was $1.78.
- 90 day high was $2.27 and low was $1.64.
- 52 week high for Urban One Inc - $2.41 and low - $1.60.
Urban One Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $2.08, a level that may pose a second chance to hit a runner. According to fan-theory $2.51 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. Urban One Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $2.06 and $1.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday October 10, 2019, which indicates further gains until a new top pivot has been found. Urban One Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 70 ]
RSI14 is 68 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.84 and $1.81.
There is 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, Urban One Inc finds support just below today's level at $1.84. If this is broken, then the next support from accumulated volume will be at $1.81 and $1.80.
This stock may move much during a 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 $0.10 between high and low, or 4.64%. For the last week, the stock has had a daily average volatility of 7.20%.
Our recommended stop-loss: $2.11 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
7.20 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!