Virbac SA Stock Forecast

Virbac SA stock price down 0.559% on Thursday
(Updated on May 09, 2024)

VIRP.PA Signals & Forecast

The Virbac 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 352.57€ and 352.94€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.74%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Virbac SA stock

Virbac SA finds support from accumulated volume at 349.00€ 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 controlled movements and therefore the general risk is considered 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 3.50€ between high and low, or 0.99%. For the last week the stock has had daily average volatility of 2.21%.

Our recommended stop-loss: 335.93€ (-5.64%) (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 (VIRP.PA) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Virbac SA to open at 356.50€, and during the day (based on 14 day Average True Range), to move between 347.43€ and 364.57€, which gives a possible trading interval of +/-8.57€ (+/-2.41%) up or down from last closing price. If Virbac SA takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 357.00€ (0.28%) than the support at 349.00€ (1.97%), 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 Virbac SA stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Virbac SA stock to perform well in the short-term.

Current score: 2.178 Buy Candidate Unchanged

Predicted Opening Price for Virbac SA of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.