VF Corporation Stock Forecast
Red day on Tuesday for VF Corporation stock after losing 0.0779%
(Updated on Jul 02, 2024)
The VF Corporation stock price fell by -0.0779% on the last day (Tuesday, 2nd Jul 2024) from $12.84 to $12.83. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.04% from a day low at $12.74 to a day high of $13.00. The price has fallen in 7 of the last 10 days and is down by -7.1% 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 -2 million shares and in total, 6 million shares were bought and sold for approximately $75.92 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.60% during the next 3 months and, with a 90% probability hold a price between $12.99 and $15.61 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VFC Signals & Forecast
There are few to no technical positive signals at the moment. The VF Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.70 and $13.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -12.78%. 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 VF Corporation stock
VF Corporation finds support from accumulated volume at $12.34 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 $0.260 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VFC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect VF Corporation to open at $12.85, and during the day (based on 14 day Average True Range), to move between $12.27 and $13.39, which gives a possible trading interval of +/-$0.563 (+/-4.39%) up or down from last closing price. If VF Corporation takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.28 (3.51%) than the support at $12.34 (3.82%), 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 VF Corporation stock A Buy?
The VF Corporation stock holds several negative signals and despite the positive trend, we believe VF Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.618 Sell Candidate Unchanged
Predicted Opening Price for VF Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$12.85 ( 0.182%) | $12.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VFC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.11 | 2.21% |
R2 | 13.01 | 1.43% |
R1 | 12.95 | 0.96% |
Price | 12.83 | |
S1 | 12.75 | -0.592% |
S2 | 12.69 | -1.07% |
S3 | 12.59 | -1.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.81 | 7.64% |
R2 | 13.50 | 5.22% |
R1 | 13.28 | 3.51% |
Price | 12.83 | |
S1 | 12.34 | -3.82% |
S2 | 12.33 | -3.90% |
S3 | 11.97 | -6.70% |
VFC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 10, 2024 | Jun 10, 2024 | Jun 20, 2024 | $0.0900 | 0.647% |
2 | Feb 06, 2024 | Mar 08, 2024 | Mar 20, 2024 | $0.0900 | 0.624% |
3 | Oct 30, 2023 | Dec 08, 2023 | Dec 20, 2023 | $0.0900 | 0.502% |
4 | Aug 01, 2023 | Sep 08, 2023 | Sep 20, 2023 | $0.300 | 1.68% |
5 | May 23, 2023 | Jun 09, 2023 | Jun 20, 2023 | $0.300 | 1.52% |
FAQ
Click here for our free guide on how to buy VF Corporation Stock.