Vornado Realty Trust Trust Forecast

Vornado Realty Trust trust upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

0LR2.L Signals & Forecast

The Vornado Realty Trust trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately £25.66. On a fall, the trust will find some support from the long-term average at approximately £24.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 20, 2024, and so far it has fallen -2.73%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vornado Realty Trust trust

Vornado Realty Trust finds support from accumulated volume at £25.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This trust has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the trust moved £0.760 between high and low, or 3.01%. For the last week the trust has had daily average volatility of 1.47%.

Our recommended stop-loss: £24.27 (-3.92%) (This trust has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (0LR2.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Vornado Realty Trust to open at £25.51, and during the day (based on 14 day Average True Range), to move between £24.70 and £25.82, which gives a possible trading interval of +/-£0.561 (+/-2.22%) up or down from last closing price. If Vornado Realty Trust takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £25.15 (0.44%) than the resistance at £25.75 (1.96%), 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 trust A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vornado Realty Trust trust to perform well in the short-term. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.301 Buy Candidate Upgraded

Predicted Opening Price for Vornado Realty Trust of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.