Ultra Petroleum Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ultra Petroleum Corp stock price ended at $0.135 on Wednesday, after losing 0%.
(Updated on Sep 18, 2019)
No changes to the price of Ultra Petroleum Corp stock on the last trading day (Wednesday, 18th Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $0.135 to a day high of $0.135. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.154 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -46.61% during the next 3 months and, with a 90% probability hold a price between $0.0232 and $0.0823 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UPL Signals & Forecast
There are mixed signals in the stock today. The Ultra Petroleum Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.135 and $0.141. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, August 07, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ultra Petroleum Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.125. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UPL) For The Upcoming Trading Day Of Thursday 19th
For the upcoming trading day on Thursday, 19th we expect Ultra Petroleum Corp to open at $0.135, and during the day (based on 14 day Average True Range), to move between $0.130 and $0.140, which gives a possible trading interval of +/-$0.0049 (+/-3.60%) up or down from last closing price. If Ultra Petroleum Corp takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.125 (7.33%) than the resistance at $0.159 (17.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ultra Petroleum Corp stock A Buy?
Ultra Petroleum Corp 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.
Current score: -1.768 Sell Candidate Unchanged
Predicted Opening Price for Ultra Petroleum Corp of Thursday, September 19, 2019
| Fair opening price September 19, 2019 | Current price |
|---|---|
| $0.135 ( 0%) | $0.135 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UPL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.135 | . | |
| R2 | 0.135 | . | ||
| R1 | 0.135 | . | ||
| Current price: | 0.135 | |||
| Support | S1 | 0.135 | . | |
| S2 | 0.135 | . | ||
| S3 | 0.135 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.160 | 18.52 % | ||
| R1 | 0.159 | 17.63 % | ||
| Current price | 0.135 | |||
| Support | S1 | 0.125 | -7.33% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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