Vermilion Energy Stock Forecast
Stronger technical forecast for Vermilion Energy stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Vermilion Energy stock price gained 3.38% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.84 to $12.24. During the last trading day the stock fluctuated 4.74% from a day low at $11.71 to a day high of $12.27. The price has risen in 5 of the last 10 days and is up by 7.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 260 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $16.37 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $12.43 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Vermilion Energy stock with a 90% probability to be traded between $10.25 and $12.56 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VET Signals & Forecast
The Vermilion Energy 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 $11.95 and $11.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 21.67%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vermilion Energy stock
Vermilion Energy finds support from accumulated volume at $11.85 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.555 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: $11.78 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (VET) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Vermilion Energy Inc to open at $12.07, and during the day (based on 14 day Average True Range), to move between $11.85 and $12.63, which gives a possible trading interval of +/-$0.386 (+/-3.16%) up or down from last closing price. If Vermilion Energy Inc takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.30 (0.49%) than the support at $11.85 (3.19%), 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 Vermilion Energy Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Vermilion Energy stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.277 Buy Candidate Upgraded
Predicted Opening Price for Vermilion Energy Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.07 ( 1.38%) | $12.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VET
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.63 | 3.16 % | |
R2 | 12.41 | 1.43 % | ||
R1 | 12.28 | 0.357 % | ||
Current price: | 12.24 | |||
Support | S1 | 11.86 | -3.11 % | |
S2 | 11.73 | -4.18 % | ||
S3 | 11.52 | -5.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 12.30 | 0.490 % | ||
Current price | 12.24 | |||
Support | S1 | 11.85 | -3.19% | |
S2 | 11.27 | -7.92% | ||
S3 | 10.99 | -10.21% |
VET Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0889 | 0.727% |
2 | Nov 01, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0700 | 0.591% |
3 | Aug 02, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0749 | 0.496% |
4 | May 03, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0750 | 0.593% |
5 | Mar 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0740 | 0.545% |
FAQ
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