Via Renewables, Inc. Stock Forecast
Via Renewables, Inc. stock upgraded to Strong Buy Candidate.
(Updated on May 15, 2024)
The Via Renewables, Inc. stock price gained 1.05% on the last trading day (Wednesday, 15th May 2024), rising from $21.97 to $22.20. 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 0.97% from a day low at $22.08 to a day high of $22.29. The price has risen in 9 of the last 10 days and is up by 13.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $272.79 thousand.
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 8.85% during the next 3 months and, with a 90% probability hold a price between $21.66 and $25.57 at the end of this 3-month period.
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VIASP Signals & Forecast
Mostly positive signals in the chart today. The Via Renewables, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.79 and $20.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 14.85%. 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). Via Renewables, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Via Renewables, Inc. stock
Via Renewables, Inc. finds support from accumulated volume at $21.25 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 $0.215 between high and low, or 0.97%. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $21.14 (-4.77%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (VIASP) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Via Renewables, Inc. to open at $22.19, and during the day (based on 14 day Average True Range), to move between $21.61 and $22.79, which gives a possible trading interval of +/-$0.589 (+/-2.65%) up or down from last closing price. If Via Renewables, Inc. takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.43 (1.01%) than the support at $21.25 (4.29%), 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
Via Renewables, Inc. will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Via Renewables, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.16% in the first trading day after earnings release.
Is Via Renewables, Inc. stock A Buy?
Via Renewables, Inc. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.758 Strong Buy Candidate Upgraded
Predicted Opening Price for Via Renewables, Inc. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $22.19 ( 0.0523%) | $22.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIASP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.40 | 0.92 % | |
| R2 | 22.32 | 0.546 % | ||
| R1 | 22.27 | 0.317 % | ||
| Current price: | 22.20 | |||
| Support | S1 | 22.11 | -0.422 % | |
| S2 | 22.06 | -0.650 % | ||
| S3 | 21.97 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 22.43 | 1.01 % | ||
| Current price | 22.20 | |||
| Support | S1 | 21.25 | -4.29% | |
| S2 | 20.20 | -8.99% | ||
| S3 | 19.70 | -11.26% |
VIASP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.761 | 3.43% |
| 2 | Jan 19, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.760 | 3.77% |
| 3 | Oct 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.765 | 4.14% |
| 4 | Jul 19, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.759 | 4.67% |
| 5 | Apr 19, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.740 | 6.15% |
FAQ
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