RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VLE.TO
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Valeura Energy Inc. stock price up 0.414% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 26.30% PDF

The Valeura Energy Inc. stock price gained 0.414% on the last trading day (Wednesday, 27th Mar 2024), rising from $4.83 to $4.85. It has now gained 4 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 5.49% from a day low at $4.74 to a day high of $5.00. The price has risen in 7 of the last 10 days and is up by 24.36% over the past 2 weeks. Volume fell on the last day by -811 thousand shares and in total, 1 million shares were bought and sold for approximately $6.63 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.00 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 49.80% during the next 3 months and, with a 90% probability hold a price between $6.23 and $7.50 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.

VLE.TO Signals & Forecast

The Valeura Energy 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 $4.38 and $3.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 30.03%. 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). 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.

Support, Risk & Stop-loss for Valeura Energy Inc. stock

Valeura Energy Inc. finds support from accumulated volume at $4.83 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 $0.260 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 5.58%.

The Valeura Energy Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $4.71 (-2.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (VLE.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Valeura Energy Inc. to open at $4.86, and during the day (based on 14 day Average True Range), to move between $4.64 and $5.06, which gives a possible trading interval of +/-$0.214 (+/-4.41%) up or down from last closing price. If Valeura Energy Inc. takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.83, some $0.0200 (0.41%) from the current price of $4.85, our system finds the risk reward attractive.

Is Valeura Energy Inc. stock A Buy?

Valeura Energy Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Valeura Energy Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.86 ( 0.275%) $4.85

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

Trading levels for VLE.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.12 5.64 %
R2 5.02 3.59 %
R1 4.96 2.32 %
Current price: 4.85
Support S1 4.76 -1.77 %
S2 4.70 -3.04 %
S3 4.60 -5.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 4.85
Support S1 4.83 -0.412%
S2 4.36 -10.10%
S3 3.88 -20.00%

FAQ

What is the symbol for Valeura Energy Inc. Stock and on which exchange is it traded?
The symbol for Valeura Energy Inc. is VLE.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Valeura Energy Inc. Stock?
Valeura Energy Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Valeura Energy Inc. Stock?
Valeura Energy Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Valeura Energy Inc. Stock.

What's the current price of Valeura Energy Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Valeura Energy Inc. (VLE.TO) share was $4.85.

What is the 52-week high and low for Valeura Energy Inc. Stock?
The 52-week high for Valeura Energy Inc. Stock is $5.00 and the 52-week low is $1.57.

What is the market capitalization of Valeura Energy Inc. Stock?
As of the 2024-03-27, the market capitalization of Valeura Energy Inc. is 493.25M.

When is the next earnings date for Valeura Energy Inc.?
The upcoming earnings date for Valeura Energy Inc. is May 09, 2024.
Click to get the best stock tips daily for free!

About Valeura Energy Inc.

Valeura Energy. Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Turkey. As of December 31, 2021, the company had interests in six production leases and exploration licenses covering approximately 0.23 million gross acres and 0.19 net acres of deep rights in the Thrace Basin of northwest Turkey. Valeura Energy Inc. was incorporated in 2000 and is headquartered in Calgary,... VLE.TO Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT