Vericity, Inc. Stock Forecast
Stronger technical forecast for Vericity, Inc. stock price after Thursday trading.
(Updated on May 02, 2024)
The Vericity, Inc. stock price gained 0.0884% on the last trading day (Thursday, 2nd May 2024), rising from $11.31 to $11.32. During the last trading day the stock fluctuated 1.16% from a day low at $11.24 to a day high of $11.37. The price has risen in 5 of the last 10 days but is still down by -0.35% for this period. Volume fell on the last day by -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately $17.05 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.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $11.32 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vericity, Inc. stock with a 90% probability to be traded between $11.37 and $12.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VERY Signals & Forecast
The Vericity, Inc. 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 $11.35 and $11.38. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.177%. 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).
Support, Risk & Stop-loss for Vericity, Inc. stock
Vericity, Inc. finds support from accumulated volume at $11.31 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.130 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 0.551%
Our recommended stop-loss: $10.39 (-8.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (VERY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Vericity, Inc. to open at $11.31, and during the day (based on 14 day Average True Range), to move between $11.25 and $11.39, which gives a possible trading interval of +/-$0.0713 (+/-0.63%) up or down from last closing price. If Vericity, Inc. takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.31 (0.09%) than the resistance at $11.37 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vericity, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.488 Buy Candidate Upgraded
Predicted Opening Price for Vericity, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $11.31 ( 0.0883%) | $11.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.44 | 1.06 % | |
| R2 | 11.39 | 0.621 % | ||
| R1 | 11.36 | 0.350 % | ||
| Current price: | 11.32 | |||
| Support | S1 | 11.26 | -0.527 % | |
| S2 | 11.23 | -0.798 % | ||
| S3 | 11.18 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.99 | 5.92 % | |
| R2 | 11.38 | 0.530 % | ||
| R1 | 11.37 | 0.442 % | ||
| Current price | 11.32 | |||
| Support | S1 | 11.31 | -0.0883% | |
| S2 | 11.30 | -0.177% | ||
| S3 | 11.28 | -0.353% |
VERY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 05, 2019 | Dec 09, 2019 | Dec 06, 2019 | $6.25 | 32.30% |
FAQ
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