Urban Tea Inc. stock upgraded to Hold/Accumulate. (Updated on September 01, 2021)

Hold candidate since 2021-09-01 PDF

The Urban Tea Inc. stock price gained 1.49% on the last trading day (Wednesday, 1st Sep 2021), rising from $1.01 to $1.03. During the day the stock fluctuated 6.99% from a day low at $0.98 to a day high of $1.05. The price has risen in 6 of the last 10 days and is up by 3.61% over the past 2 weeks. Volume fell on the last day by -89 thousand shares and in total, 599 thousand shares were bought and sold for approximately $613.66 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -54.71% during the next 3 months and, with a 90% probability hold a price between $0.0881 and $0.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Urban Tea 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 $1.01 and $0.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, July 30, 2021, and so far it has risen 29.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss

On the downside, the stock finds support just below todays level from accumulated volume at $0.91 and $0.89. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Urban Tea Inc. finds support just below todays level at $0.91. If this is broken, then the next support from accumulated volume will be at $0.89 and $0.84.

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 $0.0686 between high and low, or 6.99%. For the last week the stock has had a daily average volatility of 6.77%.

Our recommended stop-loss: $0.98 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Is Urban Tea Inc. stock A Buy?

Urban Tea Inc. holds several positive signals, but we still dont 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.135

Predicted Opening Price for Urban Tea Inc. of Thursday, September 2, 2021

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price September 2, 2021 Current price
$1.02 $1.03 (Overvalued)

Hold/Accumulate Upgraded

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