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Urban One Inc. (UONE)

Urban One stock forecast: buy or sell

Close on Sep 29th, 2020
$6.42 0.05%
3 months performance
-0.70%
Published: September 29th, 2020 - 8.01pm EDT

Urban One stock outlook

  • Urban One closed today at $6.42 (5.07%) prior to reporting earnings at
  • From the chart point view, price is drawing an scaled downtrend since mid-June with lower tops and lower bottoms. shares price lost a -88.15% since the downtrend started.
  • The price is currently above the upper Bollinger band, which usually indicates a near-term correction
  • Urban One, Inc., together with its subsidiaries, operates as an urban-oriented multi-media company in the United States.

Please read:
The opinions given in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the particular positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative motives only

Urban One stock charts

Should I buy Urban One stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is UONE stock a buy?

Currently, Urban One stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean UONE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Urban One stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Much like when we have to buy shares, determining when is the best time to sell is not a haphazard decision, and we must adhere our own trading style. When selling, as well as buying, detailed setups are very easy to use and are only valid for selling stocks you already own, not for selling short UONE stock

A golden rule is that you should not keep a trade that shows a losses greater than those expected by the time of purchase. When to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Urban One stock?

Currently, Urban One stock doesn't match any of our preferred sell setups, so if you own Urban One shares and your operation is in profit probably is not time to sell now

Analysts' recommendations to buy or sell Urban One stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous month we couldn't find any rating for Urban One

Technical analysis

Urban One accumulates a price drop of -88.15% since its latest top mid-June at $54.16. The stock drew 2 consecutive lower tops

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show trend direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

UONE SMAs chart

Supports and resistances

Technical analysts use supports and resistances to identify price points on a chart that tend to behave as barriers, containing the price of shares to move up or down. A support level is a level where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue declining until approaching another support level. On the contrary, resistance levels are where the price tends to find a curb as it rises. Likewise, this means that the price is more liable to "bounce off" at this level, and if it finally ruptures this level, it will rally more easily until it finds the next resistance

The current resistances are:

  • R1: $13.00 (102.49% above)
  • R2: $14.25 (121.96% above)
  • R3: $17.50 (172.59% above)
  • The current supports are:

  • S1: $5.90 (-8.1% below)
  • S2: $5.73 (-10.75% below)
  • S3: $5.40 (-15.89% below)
  • Bollinger bands

    So-called Bollinger bands are a widespread studio designed by John Bollinger. Basically, the Bollinger Bands are lines that run around a moving average, ranging the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    When the price moves out of the band (above the upper line or below the lower line) it signals that the price action is currently maintaining a very strong momentum and therefore can correct the trend to the average. At this point, the price is beyond the upper band, meaning a near-term adjustment (at least) until it is under the band

    UONE RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. Its objective is to plot the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates in a range between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The RSI crossed up the oversold level of 30 on September 14 after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI value today was 58.1. Urban One shares skyrocketed a 84.48% since that level was surpassed

    UONE RSI chart

    Earnings and financials

    Urban One Inc. (UONE) came out with 2nd-quarter earnings of $0.00 per share, matching the analysts consensus estimate of $0.00 per share. The company said revenue for Q2 was $76.0 million consistent with analysts' estimates as well.

    Compared to the same quarter one year ago, EPS was $0.14, so current EPS is a reduction of -100%. Looking at turnover, figures tanked a -37.48% compared to $121.6M year over year.

    Urban One releases earnings report. Earnings reporting day has an additional risk for investors as the data disclosed can soar and sink the shares price with exceptionally low liquidity and not honouring your buy or stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

    UONE revenues and profits chart