Urban One Inc Forecast and Stock Analysis
Technical UONEK stock analysis for Tuesday May 21, 2019.
|Price to book||USD 0.46|
|Next Earnings Date||n/a|
Urban One Inc gained 0.81% in the last trading day ( Tuesday, 21st May 2019 ), rising from $1.78 to $1.79 During day the stock fluctuated 3.39% from a day low at $1.77 to a day high of $1.83. The price has risen in 6 of the last 10 days , but is still down by -2.08% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 267 more shares were traded than the day before. In total, 15 987 shares bought and sold for approximately $28 688.70.
- 30 day high of the UONEK stock price was $2.05 and low was $1.76.
- 90 day high was $2.15 and low was $1.76.
- 52 week high for the Urban One Inc - $2.41 and low - $1.60.
Urban One Inc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.75 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.87% during the next 3 months and, with 90% probability hold a price between $1.56 and $1.75 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday May 20, 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 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. Urban One Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.84 and $1.91. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
Urban One Inc finds support from accumulated volume at $1.78.
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 (3.39%) between high and low. For the last week, the stock has had a daily average volatility of 6.69%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
6.69 %Average volatility
Very Low Low Medium High Very High
Urban One Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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