Village Super Market Stock Forecast
Green day on Wednesday for Village Super Market stock after gaining 1.23%
(Updated on Mar 27, 2024)
The Village Super Market stock price gained 1.23% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.67 to $28.01. During the last trading day the stock fluctuated 3.30% from a day low at $27.55 to a day high of $28.46. The price has fallen in 6 of the last 10 days but is still up by 1.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $531.32 thousand.
The stock lies in the middle of a 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 8.52% during the next 3 months and, with a 90% probability hold a price between $28.44 and $30.99 at the end of this 3-month period.
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VLGEA Signals & Forecast
The Village Super Market 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 $27.90 and $26.63. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Village Super Market has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Village Super Market stock
Village Super Market finds support from accumulated volume at $27.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.91 (3.30%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: $26.85 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (VLGEA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Village Super Market to open at $28.01, and during the day (based on 14 day Average True Range), to move between $27.38 and $28.64, which gives a possible trading interval of +/-$0.628 (+/-2.24%) up or down from last closing price. If Village Super Market takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.06 (0.18%) than the support at $27.46 (1.96%), 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 Village Super Market 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 Village Super Market stock to perform well in the short-term.
Current score: 4.133 Buy Candidate Unchanged
Predicted Opening Price for Village Super Market of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$28.01 ( 0.0119%) | $28.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLGEA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.92 | 3.24 % | |
R2 | 28.57 | 2.00 % | ||
R1 | 28.35 | 1.23 % | ||
Current price: | 28.01 | |||
Support | S1 | 27.66 | -1.25 % | |
S2 | 27.44 | -2.02 % | ||
S3 | 27.10 | -3.26 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.41 | 1.43 % | |
R2 | 28.08 | 0.250 % | ||
R1 | 28.06 | 0.179 % | ||
Current price | 28.01 | |||
Support | S1 | 27.46 | -1.96% | |
S2 | 26.02 | -7.10% | ||
S3 | 25.71 | -8.21% |
VLGEA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 03, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.250 | 0.89% |
2 | Dec 15, 2023 | Jan 03, 2024 | Jan 25, 2024 | $0.250 | 0.94% |
3 | Sep 15, 2023 | Oct 04, 2023 | Oct 26, 2023 | $0.250 | 1.03% |
4 | Jun 16, 2023 | Jul 05, 2023 | Jul 27, 2023 | $0.250 | 1.07% |
5 | Mar 17, 2023 | Apr 05, 2023 | Apr 27, 2023 | $0.250 | 1.13% |
FAQ
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