Village Bank & Trust Financial Corp Stock Forecast
Green day on Tuesday for Village Bank & Trust Financial Corp
(Updated on Apr 30, 2024)
The Village Bank & Trust Financial Corp stock price gained 1.23% on the last trading day (Tuesday, 30th Apr 2024), rising from $42.35 to $42.87. During the last trading day the stock fluctuated 0% from a day low at $42.87 to a day high of $42.87. The price has risen in 5 of the last 10 days and is up by 4.74% 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, 468 more shares were traded than the day before. In total, 468 shares were bought and sold for approximately $20.06 thousand.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $42.31 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $44.67 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VBFC Signals & Forecast
The Village Bank & Trust Financial Corp 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 $42.35 and $41.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 6.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Village Bank & Trust Financial Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 with a target of $41.56. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Village Bank & Trust Financial Corp stock
Village Bank & Trust Financial Corp finds support from accumulated volume at $41.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.114%.
The Village Bank & Trust Financial Corp stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $40.61 (-5.28%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (VBFC) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Village Bank & Trust Financial Corp to open at $42.87, and during the day (based on 14 day Average True Range), to move between $42.59 and $43.15, which gives a possible trading interval of +/-$0.279 (+/-0.65%) up or down from last closing price. If Village Bank & Trust Financial Corp takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.18 (0.71%) than the support at $41.12 (4.08%), 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 Village Bank & Trust Financial Corp stock A Buy?
Village Bank & Trust Financial Corp holds several positive signals, but we still don't 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Village Bank & Trust Financial Corp of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $42.87 ( 0%) | $42.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.87 | . | |
| R2 | 42.87 | . | ||
| R1 | 42.87 | . | ||
| Current price: | 42.87 | |||
| Support | S1 | 42.87 | . | |
| S2 | 42.87 | . | ||
| S3 | 42.87 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 43.18 | 0.711 % | ||
| Current price | 42.87 | |||
| Support | S1 | 41.12 | -4.08% | |
| S2 | 40.98 | -4.41% | ||
| S3 | 40.30 | -5.99% |
VBFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 07, 2024 | Mar 15, 2024 | $0.180 | 0.432% |
| 2 | Nov 14, 2023 | Nov 22, 2023 | Dec 01, 2023 | $0.180 | 0.453% |
| 3 | Aug 28, 2023 | Sep 07, 2023 | Sep 15, 2023 | $0.160 | 0.361% |
| 4 | May 23, 2023 | Jun 02, 2023 | Jun 12, 2023 | $0.160 | 0.378% |
| 5 | Feb 28, 2023 | Mar 09, 2023 | Mar 17, 2023 | $0.160 | 0.294% |
FAQ
Click here for our free guide on how to buy Village Bank & Trust Financial Corp Stock.
