Vector Group Ltd Stock Forecast
Stronger technical forecast for Vector Group Ltd stock price after Friday trading.
(Updated on May 03, 2024)
The Vector Group Ltd stock price gained 4.70% on the last trading day (Friday, 3rd May 2024), rising from $9.37 to $9.81. During the last trading day the stock fluctuated 6.12% from a day low at $9.32 to a day high of $9.89. The price has been going up and down for this period, and there has been a -4.57% loss for the last 2 weeks. Volume fell on the last day by -980 thousand shares and in total, 2 million shares were bought and sold for approximately $17.34 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.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.21% during the next 3 months and, with a 90% probability hold a price between $8.68 and $10.22 at the end of this 3-month period.
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VGR Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 4.70%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 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 $10.14 and $10.39. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Vector Group Ltd stock
Vector Group Ltd finds support from accumulated volume at $9.37 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 $0.570 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: $9.44 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (VGR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vector Group Ltd to open at $9.67, and during the day (based on 14 day Average True Range), to move between $9.51 and $10.11, which gives a possible trading interval of +/-$0.302 (+/-3.08%) up or down from last closing price. If Vector Group Ltd takes out the full calculated possible swing range there will be an estimated 6.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.91 (1.02%) than the support at $9.37 (4.49%), 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 Vector Group Ltd stock A Buy?
Vector Group Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.194 Hold/Accumulate Upgraded
Predicted Opening Price for Vector Group Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $9.67 ( 1.39%) | $9.81 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 10.24 | 4.42 % | |
| R2 | 10.03 | 2.20 % | ||
| R1 | 9.89 | 0.83 % | ||
| Current price: | 9.81 | |||
| Support | S1 | 9.46 | -3.61 % | |
| S2 | 9.32 | -4.98 % | ||
| S3 | 9.10 | -7.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.77 | 19.98 % | |
| R2 | 11.16 | 13.76 % | ||
| R1 | 9.91 | 1.02 % | ||
| Current price | 9.81 | |||
| Support | S1 | 9.37 | -4.49% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
VGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Mar 01, 2024 | Mar 14, 2024 | $0.200 | 1.85% |
| 2 | Nov 21, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.200 | 1.78% |
| 3 | Aug 22, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.200 | 1.85% |
| 4 | Jun 09, 2023 | Jun 16, 2023 | Jun 29, 2023 | $0.200 | 1.56% |
| 5 | Mar 06, 2023 | Mar 16, 2023 | Mar 30, 2023 | $0.200 | 1.69% |
FAQ
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