Virbac SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Virbac SA stock price after Friday trading.
(Updated on May 31, 2024)
The Virbac SA stock price gained 1.13% on the last trading day (Friday, 31st May 2024), rising from 354.00€ to 358.00€. During the last trading day the stock fluctuated 1.56% from a day low at 352.50€ to a day high of 358.00€. The price has been going up and down for this period, and there has been a 0.99% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately 2.40€ million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 356.16€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.48% during the next 3 months and, with a 90% probability hold a price between 379.23€ and 412.29€ at the end of this 3-month period.
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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 356.43€ and 357.71€. 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 3.32%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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). 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.
Golden Star
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 357.00€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 5.50€ between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: 338.59€ (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (VIRP.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Virbac SA to open at 356.17€, and during the day (based on 14 day Average True Range), to move between 351.48€ and 364.52€, which gives a possible trading interval of +/-6.52€ (+/-1.82%) up or down from last closing price. If Virbac SA takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 359.00€ (0.28%) than the support at 357.00€ (0.28%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.808 Buy Candidate Upgraded
Predicted Opening Price for Virbac SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 356.17€ ( 0.512%) | 358.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIRP.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 361.67 | 1.02 % | |
| R2 | 359.57 | 0.437 % | ||
| R1 | 358.27 | 0.0748 % | ||
| Current price: | 358.00 | |||
| Support | S1 | 354.07 | -1.10 % | |
| S2 | 352.77 | -1.46 % | ||
| S3 | 350.67 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 376.00 | 5.03 % | |
| R2 | 360.00 | 0.559 % | ||
| R1 | 359.00 | 0.279 % | ||
| Current price | 358.00 | |||
| Support | S1 | 357.00 | -0.279% | |
| S2 | 349.00 | -2.51% | ||
| S3 | 346.00 | -3.35% |
VIRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Jun 25, 2024 | 0€ | 0% |
| 2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | 1.32€ | 0.493% |
| 3 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | 1.25€ | 0.346% |
| 4 | Jun 23, 2021 | Jun 23, 2021 | Jun 23, 2021 | 0.750€ | 0.269% |
| 5 | Apr 24, 2015 | Jun 26, 2015 | Jun 30, 2015 | 1.90€ | 0.99% |
FAQ
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