XLON:UJO
Delisted

Union Jack Oil Plc Stock Forecast

£0.0027
-0.0001 (-3.57%)
At Close: Sep 01, 2020
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Tuesday for Union Jack Oil Plc
(Updated on Sep 01, 2020)

Hold candidate since Jul 17, 2020 Gain 12.50% PDF

The Union Jack Oil Plc stock price fell by -3.57% on the last day (Tuesday, 1st Sep 2020) from £0.0028 to £0.0027. During the last trading day the stock fluctuated 0% from a day low at £0.0027 to a day high of £0.0027. The price has been going up and down for this period, and there has been a 145.45% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 million shares and in total, 50 million shares were bought and sold for approximately £135.31 thousand.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.81% during the next 3 months and, with a 90% probability hold a price between £0.0031 and £0.0034 at the end of this 3-month period.

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UJO.L Signals & Forecast

The Union Jack Oil Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £0.0022 and £0.0013. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated 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.

Support, Risk & Stop-loss for Union Jack Oil Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0024 and £0.0023. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.0023 may give a huge drop in the stock price.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)

Trading Expectations (UJO.L) For The Upcoming Trading Day Of Wednesday 2nd

Since the stock is closer to the resistance from accumulated volume at £0.0028 (3.70%) than the support at £0.0024 (11.11%), 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 Union Jack Oil Plc stock A Buy?

Union Jack Oil Plc 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Union Jack Oil Plc of Wednesday, September 2, 2020

Fair opening price September 2, 2020 Current price
£0.0027 ( 0.00000000%) £0.0027

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UJO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0027 0.00000000 %
R2 0.0027 0.00000000 %
R1 0.0027 0.00000000 %
Current price: 0.0027
Support S1 0.0027 0.00000000 %
S2 0.0027 0.00000000 %
S3 0.0027 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.0028 3.70 %
Current price 0.0027
Support S1 0.0024 -11.11%
S2 0.0023 -14.81%
S3 0 .

FAQ

What is the symbol for Union Jack Oil Plc Stock and on which exchange is it traded?
The symbol for Union Jack Oil Plc is UJO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Union Jack Oil Plc Stock?
Union Jack Oil Plc 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.

How to buy Union Jack Oil Plc Stock?
Union Jack Oil Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Union Jack Oil Plc Stock.

What's the current price of Union Jack Oil Plc Stock?
As of the end of day on the 2020-09-01, the price of an Union Jack Oil Plc (UJO.L) share was £0.0027.

What is the 52-week high and low for Union Jack Oil Plc Stock?
The 52-week high for Union Jack Oil Plc Stock is £0.0030 and the 52-week low is £0.0008.

What is the market capitalization of Union Jack Oil Plc Stock?
As of the 2020-09-01, the market capitalization of Union Jack Oil Plc is 15.452M.
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About Union Jack Oil Plc

Union Jack Oil Plc Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the West Newton, Wressle Discovery, Broughton North, Biscathorpe, Keddington Oilfield Louth, North Somercotes, Louth Extension, Fiskerton Airfield Oilfield, North Kelsey, Dukes Wood, Kirklington, Widmerpool Gulf, Humber Basin, and Laughton proje... UJO.L Profile

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