Universal Security Instruments, Inc Forecast and Stock Analysis
Technical UUU stock analysis for February 21, 2019.
|Shorts||1.15% ( 2019-01-31 )|
Universal Security Instruments, Inc gained 6.11% in the last trading day, rising from $1.31 to $1.39 , and 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. The price has risen in 5 of the last 10 days and is up by 5.3% over the past 2 weeks. Volume fell in the last day by -16 497 shares, and in total, 17 361 shares bought and sold for approximately $24 131.80. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the UUU stock was $1.39. This is 6.11% more than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 6.92% from a day low at $1.30 to a day high of $1.39.
30 day high of the UUU stock price was $1.60 and low was $1.16.
90 day high was $1.60 and low was $0.98.
52 week high for the Universal Security Instruments, Inc - $3.50 and low - $0.98.
Universal Security Instruments, Inc lies in the upper part of a very wide and weak rising trend in the short term, and this will 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 $1.41 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.17% during the next 3 months and, with 90% probability hold a price between $1.15 and $1.51 at the end of this period.
Universal Security Instruments, Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.32 and $1.25. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 19, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Universal Security Instruments, Inc finds support from accumulated volume at $1.36.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.09 between high and low, or 6.92%. For the last week the stock has had a daily average volatility of 6.11%.
Our recommended stoploss: $1.34 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Strong Buy Candidate
Universal Security Instruments, Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.