Urban One Inc. (UONE)

Urban One stock forecast: buy or sell

Urban One stock outlook

  • Urban One closed yesterday at $15.57 after skyrocketing a 10.74% breaking a streak of 6 sessions in negative.
  • Price is drawing a scaled uptrend since late March with higher tops and higher bottoms. This rally marked a 1538.95% gain
  • Urban One, Inc., together with its subsidiaries, operates as an urban-oriented multi-media company in the United States.
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Please read:
The viewpoints expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the particular conditions of the reader, his or her own financial statements 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 Opinions are posted for informational reasons only

Urban One stock chart overview

Should I buy Urban One stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 we expect a selloff for UONE in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Urban One stock?

"To sell or not to sell", if you are holding Urban One shares?. Just as when we have to buy shares, determining when is appropiate time to sell is not a fickle decision, and we must adhere our own trading style. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for selling short UONE stock

A guiding principle is that you should never keep an open trade that produces greater losses than those expected at the time of the buy. The timing to sell your stock must always be dictated 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

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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

We don't have any rating published in the previous month for Urban One

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Technical analysis

Since in late March, Urban One has been drawing an uptrend that so far marked an amazing 1538.95%. The price line shows higher highs and lows, and along the way gave very few buying opportunities for those who wanted to trade in. Latest low was in mid-May, when price bounced at $1.06. Now, the price trades in a consolidation between its last top ($54.16) and its last bottom ($1.06)

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show trend momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Learn more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Investors use support and resistance levels to find price points in the stock price action that may work as glass ceiling, preventing the price of a stock 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 the support, it is likely to continue falling until meeting another support level. On the other side, a resistance level is where the price tends to find opposition as it moves up. In the same way, the price is more likely to "rebound" at this level, and if it finally ruptures this level, the price will rise more easily until it meets the next resistance

The current resistances are:

  • R1: $20.00 (28.45% above)
  • R2: $54.16 (247.85% above)
  • The current supports are:

  • S1: $14.25 (-8.48% below)
  • S2: $5.90 (-62.11% below)
  • S3: $5.73 (-63.2% below)
  • Bollinger bands

    So-called Bollinger bands are a well-established practice designed by John Bollinger. In essence, the Bollinger Bands are bands that flow around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price fluctuations to identify when the share or financial asset is oversold or overbought. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on June 22 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading yesterday was 50.88. Since that level was lost, Urban One stock collapsed a 57.11%

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    Earnings and financials

    In late May, Urban One hosted the quarterly shareholders event and posted the 1st-quarter report.

    Compared to the same quarter last year, EPS was $-0.15, so current EPS means a drop of -240%. Looking at sales, figures only changed compared to $98.5M same quarter last year.

    Urban One is posting Q2 earnings report on late next July. Wall Street predicts a per-share earnings of %s of $0.00, compared to Q1 that was $-0.51. If you hold or you are looking to buy Urban One shares, you must be aware that financial reporting day usually has a higher than usual volatility, and price can soar and sink with exceptionally low liquidity and not respecting your buy or stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.

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