Universal Technical Institute Inc Stock Forecast
Evaluation of Universal Technical Institute Inc stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Universal Technical Institute Inc stock price gained 2.08% on the last trading day (Friday, 26th Apr 2024), rising from $14.89 to $15.20. 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 2.96% from a day low at $14.84 to a day high of $15.28. The price has fallen in 6 of the last 10 days but is still up by 1.6% over the past 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 183 thousand shares were bought and sold for approximately $2.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Universal Technical Institute Inc stock with a 90% probability to be traded between $14.03 and $15.82 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UTI Signals & Forecast
The Universal Technical Institute Inc 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 $14.65 and $14.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Universal Technical Institute Inc stock
Universal Technical Institute Inc finds support from accumulated volume at $14.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.440 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $14.64 (-3.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (UTI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Universal Technical Institute Inc to open at $15.11, and during the day (based on 14 day Average True Range), to move between $14.76 and $15.64, which gives a possible trading interval of +/-$0.436 (+/-2.87%) up or down from last closing price. If Universal Technical Institute Inc takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.86 (2.24%) than the resistance at $15.80 (3.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Universal Technical Institute Inc stock A Buy?
Universal Technical Institute Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.094 Hold/Accumulate Downgraded
Predicted Opening Price for Universal Technical Institute Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.11 ( 0.614%) | $15.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.55 | 2.28 % | |
| R2 | 15.38 | 1.17 % | ||
| R1 | 15.27 | 0.492 % | ||
| Current price: | 15.20 | |||
| Support | S1 | 14.94 | -1.72 % | |
| S2 | 14.83 | -2.40 % | ||
| S3 | 14.67 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.20 | 6.58 % | |
| R2 | 15.94 | 4.87 % | ||
| R1 | 15.80 | 3.95 % | ||
| Current price | 15.20 | |||
| Support | S1 | 14.86 | -2.24% | |
| S2 | 14.85 | -2.30% | ||
| S3 | 14.52 | -4.47% |
UTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 03, 2016 | Mar 17, 2016 | Mar 31, 2016 | $0.0200 | 0.464% |
| 2 | Nov 20, 2015 | Dec 02, 2015 | Dec 18, 2015 | $0.0200 | 0.490% |
| 3 | Sep 16, 2015 | Sep 24, 2015 | Oct 05, 2015 | $0.0200 | 0.433% |
| 4 | Jun 09, 2015 | Jun 17, 2015 | Jun 30, 2015 | $0.100 | 1.16% |
| 5 | Feb 18, 2015 | Mar 18, 2015 | Mar 31, 2015 | $0.100 | 1.04% |
FAQ
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