Vital Farms Inc. Stock Forecast
Vital Farms Inc. stock upgraded to Strong Buy Candidate.
(Updated on May 01, 2024)
The Vital Farms Inc. stock price gained 2.13% on the last trading day (Wednesday, 1st May 2024), rising from $26.76 to $27.33. During the last trading day the stock fluctuated 4.86% from a day low at $26.45 to a day high of $27.73. The price has risen in 7 of the last 10 days and is up by 8.84% over the past 2 weeks. Volume fell on the last day by -323 thousand shares and in total, 481 thousand shares were bought and sold for approximately $13.14 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 lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.32 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 88.66% during the next 3 months and, with a 90% probability hold a price between $51.55 and $54.55 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VITL Signals & Forecast
The Vital Farms 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 $26.75 and $24.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 64.34%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vital Farms Inc. stock
Vital Farms Inc. finds support from accumulated volume at $26.76 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 $1.28 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: $26.48 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (VITL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Vital Farms Inc. to open at $27.17, and during the day (based on 14 day Average True Range), to move between $26.35 and $28.31, which gives a possible trading interval of +/-$0.98 (+/-3.59%) up or down from last closing price. If Vital Farms Inc. takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $26.76, some $0.570 (2.09%) from the current price of $27.33, our system finds the risk reward attractive.
Earnings coming up
Vital Farms Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.230. We will update the financials statements for Vital Farms Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.41% in the first trading day after earnings release.
Is Vital Farms Inc. stock A Buy?
Vital Farms Inc. holds several positive signals and is within a strong 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: 7.060 Strong Buy Candidate Upgraded
Predicted Opening Price for Vital Farms Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $27.17 ( 0.580%) | $27.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VITL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.46 | 4.12 % | |
| R2 | 27.97 | 2.33 % | ||
| R1 | 27.66 | 1.22 % | ||
| Current price: | 27.33 | |||
| Support | S1 | 26.68 | -2.38 % | |
| S2 | 26.38 | -3.48 % | ||
| S3 | 25.89 | -5.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 27.33 | |||
| Support | S1 | 26.76 | -2.09% | |
| S2 | 25.34 | -7.28% | ||
| S3 | 23.41 | -14.34% |
FAQ
Click here for our free guide on how to buy Vital Farms Inc. Stock.
