United States Cellular Corporation Stock Forecast
United States Cellular Corporation stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
The United States Cellular Corporation stock price gained 2.63% on the last trading day (Friday, 19th Apr 2024), rising from $34.64 to $35.55. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.95% from a day low at $34.77 to a day high of $35.79. The price has been going up and down for this period, and there has been a 0.14% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 234 thousand shares were bought and sold for approximately $8.30 million.
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 $37.35 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 -20.78% during the next 3 months and, with a 90% probability hold a price between $20.91 and $29.59 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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USM Signals & Forecast
The United States Cellular Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, 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 $34.88 and $35.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 9.22%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for United States Cellular Corporation stock
United States Cellular Corporation finds support from accumulated volume at $34.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.03 (2.95%) between high and low. For the last week, the stock has had daily average volatility of 3.90%.
Our recommended stop-loss: $34.11 (-4.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (USM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect United States Cellular Corporation to open at $35.37, and during the day (based on 14 day Average True Range), to move between $34.32 and $36.78, which gives a possible trading interval of +/-$1.23 (+/-3.45%) up or down from last closing price. If United States Cellular Corporation takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.00 (1.27%) than the support at $34.48 (3.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is United States Cellular Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.198 Buy Candidate Upgraded
Predicted Opening Price for United States Cellular Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $35.37 ( 0.511%) | $35.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.39 | 2.37 % | |
| R2 | 36.00 | 1.27 % | ||
| R1 | 35.76 | 0.590 % | ||
| Current price: | 35.55 | |||
| Support | S1 | 34.98 | -1.61 % | |
| S2 | 34.73 | -2.29 % | ||
| S3 | 34.34 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.40 | 24.89 % | |
| R2 | 41.72 | 17.36 % | ||
| R1 | 36.00 | 1.27 % | ||
| Current price | 35.55 | |||
| Support | S1 | 34.48 | -3.01% | |
| S2 | 33.15 | -6.75% | ||
| S3 | 32.96 | -7.29% |
USM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2013 | Jun 07, 2013 | Jun 25, 2013 | $5.75 | 17.18% |
FAQ
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