Valvoline Inc Stock Forecast
Stronger technical forecast for Valvoline Inc stock price after Friday trading.
(Updated on May 03, 2024)
The Valvoline Inc stock price gained 2.54% on the last trading day (Friday, 3rd May 2024), rising from $42.54 to $43.62. During the last trading day the stock fluctuated 1.87% from a day low at $42.87 to a day high of $43.67. The price has risen in 6 of the last 10 days and is up by 5.9% over the past 2 weeks. Volume fell on the last day by -480 thousand shares and in total, 961 thousand shares were bought and sold for approximately $41.91 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 lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.94% during the next 3 months and, with a 90% probability hold a price between $41.72 and $49.67 at the end of this 3-month period.
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VVV Signals & Forecast
The Valvoline Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $42.74 and $43.05. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -3.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Valvoline Inc stock
Valvoline Inc finds support from accumulated volume at $42.52 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 $0.80 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $42.05 (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (VVV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Valvoline Inc to open at $43.39, and during the day (based on 14 day Average True Range), to move between $42.76 and $44.48, which gives a possible trading interval of +/-$0.86 (+/-1.97%) up or down from last closing price. If Valvoline Inc takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.75 (0.30%) than the support at $42.52 (2.52%), 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.
Earnings coming up
Valvoline Inc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for Valvoline Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.66% in the first trading day after earnings release.
Is Valvoline Inc stock A Buy?
Valvoline Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.147 Hold/Accumulate Upgraded
Predicted Opening Price for Valvoline Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $43.39 ( 0.535%) | $43.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.19 | 1.30 % | |
| R2 | 43.88 | 0.599 % | ||
| R1 | 43.69 | 0.166 % | ||
| Current price: | 43.62 | |||
| Support | S1 | 43.08 | -1.24 % | |
| S2 | 42.89 | -1.67 % | ||
| S3 | 42.59 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.38 | 1.74 % | |
| R2 | 44.14 | 1.19 % | ||
| R1 | 43.75 | 0.298 % | ||
| Current price | 43.62 | |||
| Support | S1 | 42.52 | -2.52% | |
| S2 | 40.40 | -7.38% | ||
| S3 | 37.06 | -15.04% |
VVV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 21, 2022 | Dec 01, 2022 | Dec 15, 2022 | $0.125 | 0.403% |
| 2 | Jul 20, 2022 | Aug 30, 2022 | Sep 15, 2022 | $0.125 | 0.451% |
| 3 | Apr 21, 2022 | May 27, 2022 | Jun 15, 2022 | $0.125 | 0.407% |
| 4 | Jan 24, 2022 | Feb 25, 2022 | Mar 15, 2022 | $0.125 | 0.419% |
| 5 | Nov 11, 2021 | Nov 26, 2021 | Dec 15, 2021 | $0.125 | 0.355% |
FAQ
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