Virginia National Bankshares Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Virginia National Bankshares Corporation
(Updated on May 15, 2024)
The Virginia National Bankshares Corporation stock price gained 2.20% on the last trading day (Wednesday, 15th May 2024), rising from $30.47 to $31.14. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.84% from a day low at $30.28 to a day high of $31.14. The price has risen in 8 of the last 10 days and is up by 9.3% 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, 18 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $789.71 thousand.
Given the current short-term trend, the stock is expected to fall -8.35% during the next 3 months and, with a 90% probability hold a price between $21.46 and $28.54 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
Mostly positive signals in the chart today. The Virginia National Bankshares Corporation 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 $30.19 and $27.88. 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 28.41%. 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). Virginia National Bankshares Corporation 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Virginia National Bankshares Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $27.50 and $25.18. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Virginia National Bankshares Corporation finds support just below today's level at $27.50. If this is broken, then the next support from accumulated volume will be at $25.18 and $24.36.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.86 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 2.37%.
The Virginia National Bankshares Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Virginia National Bankshares Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $29.92 (-3.92%) (This stock has high daily movements and this gives high risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (VABK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Virginia National Bankshares Corporation to open at $30.85, and during the day (based on 14 day Average True Range), to move between $30.21 and $32.07, which gives a possible trading interval of +/-$0.93 (+/-2.98%) 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 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.69 (4.98%) than the support at $27.50 (11.69%), 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 Virginia National Bankshares Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.546 Buy Candidate Unchanged
Predicted Opening Price for Virginia National Bankshares Corporation of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $30.85 ( 0.92%) | $31.14 |
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 | 31.71 | 1.84 % | |
| R2 | 31.38 | 0.786 % | ||
| R1 | 31.18 | 0.134 % | ||
| Current price: | 31.14 | |||
| Support | S1 | 30.52 | -1.98 % | |
| S2 | 30.32 | -2.63 % | ||
| S3 | 29.99 | -3.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 32.69 | 4.98 % | ||
| Current price | 31.14 | |||
| Support | S1 | 27.50 | -11.69% | |
| S2 | 25.18 | -19.14% | ||
| S3 | 24.36 | -21.77% |
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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