Universal Logistics Holdings, Inc Stock Forecast
Universal Logistics Holdings, Inc stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)
The Universal Logistics Holdings, Inc stock price fell by -0.99% on the last day (Thursday, 28th Mar 2024) from $37.24 to $36.87. During the last trading day the stock fluctuated 2.77% from a day low at $36.87 to a day high of $37.89. The price has risen in 6 of the last 10 days and is up by 8.19% over the past 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 -4 thousand shares and in total, 27 thousand shares were bought and sold for approximately $1.01 million.
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 28.90% during the next 3 months and, with a 90% probability hold a price between $45.24 and $51.10 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ULH Signals & Forecast
The Universal Logistics Holdings, Inc 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 $36.15 and $34.21. A breakdown below any of these levels will issue sell signals. 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 Friday, March 08, 2024, and so far it has fallen -1.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Universal Logistics Holdings, Inc stock
Universal Logistics Holdings, Inc finds support from accumulated volume at $36.19 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.02 between high and low, or 2.77%. For the last week the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: $35.28 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ULH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Universal Logistics Holdings, Inc to open at $37.21, and during the day (based on 14 day Average True Range), to move between $35.46 and $38.28, which gives a possible trading interval of +/-$1.41 (+/-3.81%) up or down from last closing price. If Universal Logistics Holdings, Inc takes out the full calculated possible swing range there will be an estimated 7.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.89 (0.05%) than the support at $36.19 (1.84%), 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 Universal Logistics Holdings, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Universal Logistics Holdings, Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.211 Buy Candidate Downgraded
Predicted Opening Price for Universal Logistics Holdings, Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$37.21 ( 0.92%) | $36.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.23 | 3.69 % | |
R2 | 37.84 | 2.63 % | ||
R1 | 37.60 | 1.98 % | ||
Current price: | 36.87 | |||
Support | S1 | 36.82 | -0.135 % | |
S2 | 36.58 | -0.788 % | ||
S3 | 36.19 | -1.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.60 | 1.98 % | |
R2 | 37.24 | 1.00 % | ||
R1 | 36.89 | 0.0542 % | ||
Current price | 36.87 | |||
Support | S1 | 36.19 | -1.84% | |
S2 | 34.08 | -7.57% | ||
S3 | 30.52 | -17.22% |
ULH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Mar 01, 2024 | Apr 01, 2024 | $0.105 | 0.285% |
2 | Oct 26, 2023 | Dec 01, 2023 | Jan 02, 2024 | $0.110 | 0.386% |
3 | Jul 27, 2023 | Aug 31, 2023 | Oct 02, 2023 | $0.105 | 0.424% |
4 | Apr 27, 2023 | Jun 02, 2023 | Jul 03, 2023 | $0.105 | 0.352% |
5 | Feb 09, 2023 | Mar 03, 2023 | Jul 03, 2023 | $0.105 | 0.352% |
FAQ
Click here for our free guide on how to buy Universal Logistics Holdings, Inc Stock.