Weaker Buy Today UVV ranks #2599 as BUY CANDIDATE. Stronger Buy
Today UVV ranks #2599 as BUY CANDIDATE.

UVV stock Universal Corporation

UVV stock
Universal Corporation

February 15, 2019
Change 1.15%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will UVV stock price go up or down on Tue, 19 Feb 2019?

Universal Corporation Forecast and Stock Analysis

Technical UVV stock analysis for February 15, 2019.

Buy candidate since 2019-02-15
Shorts 1.46% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 0.85
ROA 4.82

Universal Corporation gained 1.15% in the last trading day, rising from $56.69 to $57.34 The price has risen in 6 of the last 10 days and is up by 1.97% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 111 430 more shares were traded than the day before. In total, 111 430 shares bought and sold for approximately $6.39 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the UVV stock was $57.34. This is 1.15% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 2.26% from a day low at $57.16 to a day high of $58.45.

30 day high of the UVV stock price was $58.64 and low was $53.19.
90 day high was $68.00 and low was $52.60.
52 week high for the Universal Corporation - $76.98 and low - $46.10.

Trend

Universal Corporation has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $56.86, a level that may pose a second chance to hit a runner. According to fan-theory $65.19 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Universal Corporation 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 $56.38 and $55.67. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Monday February 11, 2019 with a target of $57.20. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Universal Corporation finds support from accumulated volume at $56.43.

Support: $56.43 Price: $57.34 Resistance: $57.50

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.29 (2.26%) between high and low. For the last week, the stock has had a daily average volatility of 2.13%.

Our recommended stoploss: $54.55 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Universal Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Weaker Buy Today UVV ranks #2599 as BUY CANDIDATE. Stronger Buy
Today UVV ranks #2599 as BUY CANDIDATE.