Vornado Realty Trust Stock Forecast
Vornado Realty Trust stock price ended at $26.09 on Friday, after gaining 1.01%.
(Updated on Apr 19, 2024)
The Vornado Realty Trust stock price gained 1.01% on the last trading day (Friday, 19th Apr 2024), rising from $25.83 to $26.09. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.14% from a day low at $25.69 to a day high of $26.24. The price has risen in 6 of the last 10 days but is still down by -4.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 868 thousand shares were bought and sold for approximately $22.65 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vornado Realty Trust stock with a 90% probability to be traded between $25.20 and $30.34 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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VNO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.80%. 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. The Vornado Realty Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.46 and $26.87. 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 $25.74 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 $0.550 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VNO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Vornado Realty Trust to open at $26.01, and during the day (based on 14 day Average True Range), to move between $24.90 and $27.28, which gives a possible trading interval of +/-$1.19 (+/-4.57%) up or down from last closing price. If Vornado Realty Trust takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.24 (0.57%) than the support at $25.74 (1.34%), 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 Vornado Realty Trust stock A Buy?
Vornado Realty Trust holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.482 Sell Candidate Unchanged
Predicted Opening Price for Vornado Realty Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $26.01 ( 0.319%) | $26.09 |
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 | 26.56 | 1.79 % | |
| R2 | 26.35 | 0.98 % | ||
| R1 | 26.22 | 0.486 % | ||
| Current price: | 26.09 | |||
| Support | S1 | 25.80 | -1.12 % | |
| S2 | 25.67 | -1.62 % | ||
| S3 | 25.46 | -2.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.77 | 10.27 % | |
| R2 | 26.74 | 2.49 % | ||
| R1 | 26.24 | 0.575 % | ||
| Current price | 26.09 | |||
| Support | S1 | 25.74 | -1.34% | |
| S2 | 25.70 | -1.49% | ||
| S3 | 24.71 | -5.29% |
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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