VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

UPL Forecast and Technical Stock Analysis

Hold candidate since 2019-07-12

Ultra Petroleum Corp gained 11.45% in the last trading day ( Friday, 12th Jul 2019 ), rising from $0.20 to $0.22 During day the stock fluctuated 27.55% from a day low at $0.20 to a day high of $0.25. The price has fallen in 7 of the last 10 days , but is still up by 15.84% 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, 3.61 million more shares were traded than the day before. In total, 7.35 million shares bought and sold for approximately $1.62 million.

Quick summary:

  • 30 day high of the UPL stock price was $0.39 and low was $0.16.
  • 90 day high was $0.58 and low was $0.16.
  • 52 week high for the Ultra Petroleum Corp - $2.04 and low - $0.16.
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Trend

Ultra Petroleum Corp 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 -52.20% during the next 3 months and, with 90% probability hold a price between $0.06 and $0.14 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday July 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Ultra Petroleum Corp 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 $0.22 and $0.30. A break-up above any of these levels will issue buy signals.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 41 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 behavior.

Support & Resistance

Ultra Petroleum Corp finds support from accumulated volume at $0.22.

Support: $0.22 Price: $0.22 Resistance: $0.24

Risk

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 $0.05 between high and low, or 27.55%. For the last week, the stock has had a daily average volatility of 22.18%.

Our recommended stoploss: $0.21 (-4.18%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

22.18 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Ultra Petroleum Corp holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 140 votes on StockTwits.

Previous Hold Today UPL ranks #2646 as HOLD CANDIDATE #2646 Next Hold

Will UPL stock price go up or down on Tue, 16 Jul 2019?

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