Vornado Realty Trust Stock Forecast
Vornado Realty Trust stock price ended at $25.71 on Wednesday, after gaining 1.30%.
(Updated on Apr 17, 2024)
The Vornado Realty Trust stock price gained 1.30% on the last trading day (Wednesday, 17th Apr 2024), rising from $25.38 to $25.71. During the last trading day the stock fluctuated 3.67% from a day low at $25.32 to a day high of $26.25. The price has been going up and down for this period, and there has been a -7.65% loss for the last 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 2 million shares were bought and sold for approximately $54.05 million. 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.05 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vornado Realty Trust stock with a 90% probability to be traded between $25.46 and $30.51 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.
VNO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.30%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vornado Realty Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.26 and $26.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vornado Realty Trust stock
Vornado Realty Trust finds support from accumulated volume at $25.70 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 $0.93 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: $24.39 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (VNO) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Vornado Realty Trust to open at $25.76, and during the day (based on 14 day Average True Range), to move between $24.44 and $26.98, which gives a possible trading interval of +/-$1.27 (+/-4.96%) up or down from last closing price. If Vornado Realty Trust takes out the full calculated possible swing range there will be an estimated 9.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.70 (0.04%) than the resistance at $25.74 (0.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vornado Realty Trust stock A Buy?
Vornado Realty Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.361 Hold/Accumulate Unchanged
Predicted Opening Price for Vornado Realty Trust of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$25.76 ( 0.194%) | $25.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.69 | 3.81 % | |
R2 | 26.33 | 2.43 % | ||
R1 | 26.12 | 1.58 % | ||
Current price: | 25.71 | |||
Support | S1 | 25.40 | -1.19 % | |
S2 | 25.19 | -2.04 % | ||
S3 | 24.83 | -3.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.74 | 4.01 % | |
R2 | 26.24 | 2.06 % | ||
R1 | 25.74 | 0.117 % | ||
Current price | 25.71 | |||
Support | S1 | 25.70 | -0.0389% | |
S2 | 25.47 | -0.93% | ||
S3 | 24.71 | -3.89% |
VNO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2023 | Dec 14, 2023 | Dec 27, 2023 | $0.300 | 1.03% |
2 | Jan 18, 2023 | Jan 27, 2023 | Feb 10, 2023 | $0.375 | 1.62% |
3 | Oct 27, 2022 | Nov 04, 2022 | Nov 18, 2022 | $0.530 | 2.21% |
4 | Jul 28, 2022 | Aug 05, 2022 | Aug 19, 2022 | $0.530 | 1.83% |
5 | Apr 27, 2022 | May 06, 2022 | May 20, 2022 | $0.530 | 1.58% |
FAQ
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