AB Volvo Stock Forecast
Evaluation of AB Volvo stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
The AB Volvo stock price fell by -0.98% on the last day (Wednesday, 26th Jun 2024) from $25.56 to $25.31. During the last trading day the stock fluctuated 0.554% from a day low at $25.27 to a day high of $25.41. The price has been going up and down for this period, and there has been a -1.98% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $175.04 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.37% during the next 3 months and, with a 90% probability hold a price between $23.31 and $26.13 at the end of this 3-month period.
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VLVLY Signals & Forecast
There are few to no technical positive signals at the moment. The AB Volvo 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 $25.47 and $26.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -8.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). AB Volvo gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for AB Volvo stock
AB Volvo finds support from accumulated volume at $25.26 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 $0.140 between high and low, or 0.554%. For the last week, the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLVLY) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect AB Volvo to open at $25.33, and during the day (based on 14 day Average True Range), to move between $24.80 and $25.82, which gives a possible trading interval of +/-$0.508 (+/-2.01%) up or down from last closing price. If AB Volvo takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.26 (0.20%) than the resistance at $25.92 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AB Volvo stock A Buy?
AB Volvo holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.878 Sell Candidate Downgraded
Predicted Opening Price for AB Volvo of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$25.33 ( 0.0790%) | $25.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLVLY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.47 | 0.632% |
R2 | 25.42 | 0.421% |
R1 | 25.38 | 0.290% |
Price | 25.31 | |
S1 | 25.28 | -0.132% |
S2 | 25.24 | -0.263% |
S3 | 25.19 | -0.474% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.50 | 4.70% |
R2 | 26.02 | 2.81% |
R1 | 25.92 | 2.41% |
Price | 25.31 | |
S1 | 25.26 | -0.198% |
S2 | 25.10 | -0.85% |
S3 | 24.99 | -1.26% |
VLVLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 01, 2024 | Apr 19, 2024 | $1.72 | 6.76% |
2 | Jun 28, 2023 | Apr 05, 2023 | Apr 27, 2023 | $1.31 | 6.43% |
3 | Apr 01, 2022 | Apr 07, 2022 | Apr 28, 2022 | $1.38 | 8.55% |
4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $1.15 | 4.74% |
5 | Feb 09, 2021 | Apr 05, 2021 | Apr 23, 2021 | $1.80 | 7.13% |
FAQ
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