Virginia National Bankshares Corporation Stock Forecast
Green day on Tuesday for Virginia National Bankshares Corporation
(Updated on Apr 30, 2024)
The Virginia National Bankshares Corporation stock price gained 2.58% on the last trading day (Tuesday, 30th Apr 2024), rising from $27.50 to $28.21. It has now gained 4 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 5.24% from a day low at $27.08 to a day high of $28.50. The price has risen in 6 of the last 10 days and is up by 12.52% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 33 thousand shares were bought and sold for approximately $941.42 thousand. 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.
Given the current short-term trend, the stock is expected to fall -18.18% during the next 3 months and, with a 90% probability hold a price between $19.26 and $23.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VABK Signals & Forecast
The Virginia National Bankshares Corporation 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 $25.72 and $27.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 16.33%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Virginia National Bankshares Corporation stock
Virginia National Bankshares Corporation finds support from accumulated volume at $27.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.42 between high and low, or 5.24%. For the last week the stock has had daily average volatility of 6.47%.
Our recommended stop-loss: $27.27 (-3.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (VABK) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Virginia National Bankshares Corporation to open at $27.93, and during the day (based on 14 day Average True Range), to move between $27.03 and $29.39, which gives a possible trading interval of +/-$1.18 (+/-4.19%) up or down from last closing price. If Virginia National Bankshares Corporation takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.50 (2.52%) than the resistance at $29.97 (6.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Virginia National Bankshares Corporation stock A Buy?
Virginia National Bankshares Corporation 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 Virginia National Bankshares Corporation of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$27.93 ( 0.99%) | $28.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VABK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.35 | 4.04 % | |
R2 | 28.81 | 2.12 % | ||
R1 | 28.47 | 0.93 % | ||
Current price: | 28.21 | |||
Support | S1 | 27.39 | -2.92 % | |
S2 | 27.05 | -4.10 % | ||
S3 | 26.51 | -6.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.01 | 17.02 % | |
R2 | 30.13 | 6.81 % | ||
R1 | 29.97 | 6.24 % | ||
Current price | 28.21 | |||
Support | S1 | 27.50 | -2.52% | |
S2 | 25.18 | -10.74% | ||
S3 | 24.36 | -13.65% |
VABK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.330 | 1.10% |
2 | Nov 17, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.330 | 0.87% |
3 | Jul 27, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.330 | 0.92% |
4 | May 24, 2023 | Jun 08, 2023 | Sep 22, 2023 | $0.330 | 0.92% |
5 | Feb 22, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.330 | 0.90% |
FAQ
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