Vector Group Ltd Stock Forecast
Vector Group Ltd stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The Vector Group Ltd stock price fell by -0.91% on the last day (Tuesday, 2nd Jul 2024) from $10.94 to $10.84. During the last trading day the stock fluctuated 1.76% from a day low at $10.81 to a day high of $11.00. The price has fallen in 6 of the last 10 days but is still up by 1.4% over the past 2 weeks. 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 -206 thousand shares and in total, 789 thousand shares were bought and sold for approximately $8.55 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 8.27% during the next 3 months and, with a 90% probability hold a price between $10.78 and $12.52 at the end of this 3-month period.
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VGR Signals & Forecast
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. The Vector Group Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.89. On a fall, the stock will find some support from the short-term average at $10.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -0.96% to $10.74 within 22 trading days since signal was issued (Wednesday, July 24, 2024).
Support, Risk & Stop-loss for Vector Group Ltd stock
Vector Group Ltd finds support from accumulated volume at $10.80 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 $0.190 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VGR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Vector Group Ltd to open at $10.88, and during the day (based on 14 day Average True Range), to move between $10.56 and $11.12, which gives a possible trading interval of +/-$0.277 (+/-2.56%) up or down from last closing price. If Vector Group Ltd takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.80 (0.37%) than the resistance at $11.10 (2.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vector Group Ltd stock A Buy?
Vector Group Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Hold/Accumulate to a Sell candidate.
Current score: -4.037 Sell Candidate Downgraded
Predicted Opening Price for Vector Group Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $10.88 ( 0.400%) | $10.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.07 | 2.15% |
| R2 | 11.00 | 1.48% |
| R1 | 10.96 | 1.07% |
| Price | 10.84 | |
| S1 | 10.81 | -0.270% |
| S2 | 10.77 | -0.683% |
| S3 | 10.69 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.14 | 2.77% |
| R2 | 11.11 | 2.49% |
| R1 | 11.10 | 2.40% |
| Price | 10.84 | |
| S1 | 10.80 | -0.369% |
| S2 | 10.44 | -3.69% |
| S3 | 10.40 | -4.06% |
VGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 14, 2024 | $0.200 | 1.90% |
| 2 | Feb 15, 2024 | Mar 01, 2024 | Mar 14, 2024 | $0.200 | 1.85% |
| 3 | Nov 21, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.200 | 1.78% |
| 4 | Aug 22, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.200 | 1.85% |
| 5 | Jun 09, 2023 | Jun 16, 2023 | Jun 29, 2023 | $0.200 | 1.56% |
FAQ
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