Vermilion Energy Stock Forecast
Vermilion Energy stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Vermilion Energy stock price fell by -1.42% on the last day (Wednesday, 24th Apr 2024) from $12.00 to $11.83. During the last trading day the stock fluctuated 1.61% from a day low at $11.78 to a day high of $11.97. The price has fallen in 7 of the last 10 days and is down by -6.41% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -285 thousand shares and in total, 465 thousand shares were bought and sold for approximately $5.51 million.
Given the current short-term trend, the stock is expected to rise 19.43% during the next 3 months and, with a 90% probability hold a price between $14.13 and $15.70 at the end of this 3-month period.
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VET Signals & Forecast
There are few to no technical positive signals at the moment. The Vermilion Energy 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 $11.88 and $11.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vermilion Energy stock
Vermilion Energy finds support from accumulated volume at $11.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VET) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vermilion Energy Inc to open at $11.86, and during the day (based on 14 day Average True Range), to move between $11.49 and $12.17, which gives a possible trading interval of +/-$0.337 (+/-2.85%) up or down from last closing price. If Vermilion Energy Inc takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.84 (0.08%) than the support at $11.40 (3.63%), 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.
Earnings coming up
Vermilion Energy will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.89. We will update the financials statements for Vermilion Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.40% in the first trading day after earnings release.
Is Vermilion Energy Inc stock A Buy?
The Vermilion Energy stock holds several negative signals and despite the positive trend, we believe Vermilion Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.282 Sell Candidate Downgraded
Predicted Opening Price for Vermilion Energy Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.86 ( 0.254%) | $11.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VET
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.05 | 1.86 % | |
| R2 | 11.98 | 1.25 % | ||
| R1 | 11.93 | 0.87 % | ||
| Current price: | 11.83 | |||
| Support | S1 | 11.79 | -0.360 % | |
| S2 | 11.74 | -0.739 % | ||
| S3 | 11.67 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.59 | 6.42 % | |
| R2 | 11.85 | 0.169 % | ||
| R1 | 11.84 | 0.0845 % | ||
| Current price | 11.83 | |||
| Support | S1 | 11.40 | -3.63% | |
| S2 | 11.27 | -4.73% | ||
| S3 | 11.00 | -7.02% |
VET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0889 | 0.742% |
| 2 | Nov 01, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0700 | 0.591% |
| 3 | Aug 02, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0749 | 0.496% |
| 4 | May 03, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.0750 | 0.593% |
| 5 | Mar 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.0740 | 0.545% |
FAQ
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