UUU Forecast and Technical Stock AnalysisSell candidate since 2019-07-18
Universal Security Instruments, Inc fell by -5.38% in the last day ( Thursday, 18th Jul 2019 ) from $1.30 to $1.23 During day the stock fluctuated 7.50% from a day low at $1.20 to a day high of $1.29. The price has fallen in 4 of the last 10 days and is down by -3.91% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -14 209 shares and in total 5 664 shares bought and sold for approximately $6 966.72.
- 30 day high of the UUU stock price was $1.33 and low was $1.15.
- 90 day high was $1.38 and low was $1.15.
- 52 week high for the Universal Security Instruments, Inc - $2.65 and low - $0.98.
Universal Security Instruments, Inc lies in the middle of a 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 -3.81% during the next 3 months and, with 90% probability hold a price between $1.09 and $1.25 at the end of this period.
There are few to none technical positive signals at the moment. Universal Security Instruments, 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 $1.24 and $1.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 45 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
Universal Security Instruments, Inc finds support from accumulated volume at $1.22.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
6.82 %Average volatility
Very Low Low Medium High Very High
Universal Security Instruments, 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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