Vallourec S.A. Stock Forecast
Vallourec S.A. stock price ended at 16.33€ on Friday, after gaining 0.492%.
(Updated on May 31, 2024)
The Vallourec S.A. stock price gained 0.492% on the last trading day (Friday, 31st May 2024), rising from 16.25€ to 16.33€. During the last trading day the stock fluctuated 2.23% from a day low at 16.15€ to a day high of 16.51€. The price has fallen in 7 of the last 10 days and is down by -2.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 232 thousand more shares were traded than the day before. In total, 710 thousand shares were bought and sold for approximately 11.59€ million.
The stock lies in the middle of a very 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 6.53% during the next 3 months and, with a 90% probability hold a price between 15.70€ and 20.06€ at the end of this 3-month period.
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VK.PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Vallourec S.A. 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 16.66€ and 16.77€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -9.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vallourec S.A. stock
Vallourec S.A. finds support from accumulated volume at 15.94€ 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 0.360€ between high and low, or 2.23%. For the last week the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VK.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Vallourec S.A. to open at 16.33€, and during the day (based on 14 day Average True Range), to move between 15.87€ and 16.78€, which gives a possible trading interval of +/-0.457€ (+/-2.80%) up or down from last closing price. If Vallourec S.A. takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 16.42€ (0.58%) than the support at 15.94€ (2.36%), 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 Vallourec S.A. stock A Buy?
The Vallourec S.A. stock holds several negative signals and despite the positive trend, we believe Vallourec S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.729 Sell Candidate Unchanged
Predicted Opening Price for Vallourec S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 16.33€ ( 0%) | 16.33€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VK.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.69 | 2.21 % | |
| R2 | 16.55 | 1.36 % | ||
| R1 | 16.46 | 0.84 % | ||
| Current price: | 16.33 | |||
| Support | S1 | 16.19 | -0.84 % | |
| S2 | 16.10 | -1.36 % | ||
| S3 | 15.97 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.86 | 3.28 % | |
| R2 | 16.76 | 2.66 % | ||
| R1 | 16.42 | 0.582 % | ||
| Current price | 16.33 | |||
| Support | S1 | 15.94 | -2.36% | |
| S2 | 15.58 | -4.56% | ||
| S3 | 14.40 | -11.79% |
VK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 24, 2015 | Jun 04, 2015 | Jun 25, 2015 | 6.73€ | 1.49% |
| 2 | Feb 26, 2014 | Jun 04, 2014 | Jun 25, 2014 | 6.73€ | 0.85% |
| 3 | Feb 20, 2013 | Jun 06, 2013 | Jun 25, 2013 | 5.73€ | 0.623% |
| 4 | Feb 22, 2012 | Jun 05, 2012 | Jun 27, 2012 | 10.79€ | 1.55% |
| 5 | Feb 23, 2011 | Jun 16, 2011 | Jul 07, 2011 | 10.79€ | 0.516% |
FAQ
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