Urban One Inc Forecast and Stock Analysis
Technical UONEK stock analysis for March 18, 2019.
Urban One Inc gained 1.48% in the last trading day, rising from $2.03 to $2.06 The price has been going up and down for this period, and there has been a 1.48% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14 814 more shares were traded than the day before. In total, 27 659 shares bought and sold for approximately $56 977.50.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the UONEK stock was $2.06. This is 1.48% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 2.99% from a day low at $2.01 to a day high of $2.07.
30 day high of the UONEK stock price was $2.18 and low was $1.95.
90 day high was $2.39 and low was $1.60.
52 week high for the Urban One Inc - $2.41 and low - $1.60.
Urban One Inc 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 10.2% during the next 3 months and, with 90% probability hold a price between $2.00 and $2.71 at the end of this period.
Urban One Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $2.03 and $2.05. A break down below any of these levels will issue sell signals. Urban One Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Urban One Inc finds support from accumulated volume at $2.01.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.06 (2.99%) between high and low. For the last week, the stock has had a daily average volatility of 4.23%.
Our recommended stoploss: $1.97 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
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Urban One Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.