Vicinity Centres Stock Forecast
Vicinity Centres stock price down 1.07% on Friday
(Updated on Jun 28, 2024)
The Vicinity Centres stock price fell by -1.07% on the last day (Friday, 28th Jun 2024) from A$1.87 to A$1.85. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.43% from a day low at A$1.85 to a day high of A$1.90. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume has increased on the last day by 863 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 million shares were bought and sold for approximately A$23.73 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$1.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.72% during the next 3 months and, with a 90% probability hold a price between A$1.74 and A$1.91 at the end of this 3-month period.
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VCX.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.271%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vicinity Centres 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 A$1.88 and A$1.91. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vicinity Centres stock
Vicinity Centres finds support from accumulated volume at A$1.85 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 A$0.0450 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VCX.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vicinity Centres to open at A$1.87, and during the day (based on 14 day Average True Range), to move between A$1.82 and A$1.88, which gives a possible trading interval of +/-A$0.0333 (+/-1.80%) up or down from last closing price. If Vicinity Centres takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$1.85 (0.27%) than the resistance at A$1.89 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vicinity Centres stock A Buy?
Vicinity Centres holds several negative signals and is within a 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: -2.192 Sell Candidate Unchanged
Predicted Opening Price for Vicinity Centres of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$1.87 ( 0.81%) | A$1.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.91 | 3.24% |
| R2 | 1.89 | 2.31% |
| R1 | 1.88 | 1.74% |
| Price | 1.85 | |
| S1 | 1.85 | -0.118% |
| S2 | 1.84 | -0.692% |
| S3 | 1.82 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.95 | 5.41% |
| R2 | 1.92 | 3.78% |
| R1 | 1.89 | 1.89% |
| Price | 1.85 | |
| S1 | 1.85 | -0.270% |
| S2 | 0 | - |
| S3 | 0 | - |
VCX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Mar 07, 2024 | A$0.0585 | 2.88% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | A$0.0625 | 3.53% |
| 3 | Feb 20, 2023 | Feb 20, 2023 | Feb 20, 2023 | A$0.0575 | 2.80% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | A$0.0570 | 2.94% |
| 5 | Feb 21, 2022 | Feb 21, 2022 | Feb 21, 2022 | A$0.0470 | 2.51% |
FAQ
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