Urban One Inc Stock Analysis
Technical stock analysis for Tue 15'th Jan 2019
Urban One Inc fell by -2.51% in the last day from $1.99 to $1.94 and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a 20.5% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7 244 shares and in total 11 755 shares bought and sold for approximately $22 804.70.
Close price at the end of the last trading day (Tuesday, 15th Jan 2019) of the UONEK stock was $1.94. This is 2.51% less than the trading day before Monday, 14th Jan 2019.
During day the stock fluctuated 5.67% from a day low at $1.94 to a day high of $2.05.
30 day high of the UONEK stock price was $2.26 and low was $1.60.
90 day high was $2.41 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.72% during the next 3 months and, with 90% probability hold a price between $1.32 and $1.86 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Urban One Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.01. On a fall, the stock will find some support from the short-term average at $1.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday January 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.77 and $1.75.
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 $1.77. If this is broken, then the next support from accumulated volume will be at $1.75 and $1.70.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.11 between high and low, or 5.67%. For the last week the stock has had a daily average volatility of 8.11%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Urban One Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.