VGP SA Stock Forecast
Green day on Wednesday for VGP SA
(Updated on Mar 27, 2024)
The VGP SA stock price gained 2.58% on the last trading day (Wednesday, 27th Mar 2024), rising from 104.80€ to 107.50€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.75% from a day low at 104.00€ to a day high of 107.90€. The price has risen in 8 of the last 10 days and is up by 7.99% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 11 thousand shares were bought and sold for approximately 1.13€ million. 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.
Given the current short-term trend, the stock is expected to fall -3.91% during the next 3 months and, with a 90% probability hold a price between 94.39€ and 103.30€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VGP.BB Signals & Forecast
The VGP SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 102.73€ and 103.33€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 8.75%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.
Support, Risk & Stop-loss for VGP SA stock
VGP SA finds support from accumulated volume at 106.90€ 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 3.90€ between high and low, or 3.75%. For the last week the stock has had daily average volatility of 2.67%
Our recommended stop-loss: 103.98€ (-3.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (VGP.BB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect VGP SA to open at 106.47€, and during the day (based on 14 day Average True Range), to move between 104.96€ and 110.04€, which gives a possible trading interval of +/-2.54€ (+/-2.36%) up or down from last closing price. If VGP SA takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 106.90€ (0.56%) than the resistance at 108.30€ (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VGP SA stock A Buy?
VGP SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for VGP SA of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
106.47€ ( 0.96%) | 107.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGP.BB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 110.37 | 2.67 % | |
R2 | 108.88 | 1.28 % | ||
R1 | 107.96 | 0.425 % | ||
Current price: | 107.50 | |||
Support | S1 | 104.98 | -2.35 % | |
S2 | 104.06 | -3.20 % | ||
S3 | 102.57 | -4.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 111.00 | 3.26 % | |
R2 | 110.50 | 2.79 % | ||
R1 | 108.30 | 0.744 % | ||
Current price | 107.50 | |||
Support | S1 | 106.90 | -0.558% | |
S2 | 105.00 | -2.33% | ||
S3 | 103.20 | -4.00% |
VGP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 2.75€ | 0% |
2 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 6.38€ | 0% |
3 | May 25, 2021 | May 25, 2021 | May 25, 2021 | 3.40€ | 0% |
4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 3.65€ | 0% |
5 | May 26, 2020 | May 26, 2020 | May 26, 2020 | 2.73€ | 0% |
FAQ
Click here for our free guide on how to buy VGP SA Stock.