Valley National Bancorp Non-Cum Perp Red Stock Forecast
Valley National Bancorp Non-Cum Perp Red stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)
The Valley National Bancorp Non-Cum Perp Red stock price gained 1.66% on the last trading day (Monday, 22nd Apr 2024), rising from $23.46 to $23.85. During the last trading day the stock fluctuated 1.36% from a day low at $23.53 to a day high of $23.85. The price has risen in 5 of the last 10 days and is up by 0.68% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 7 thousand shares were bought and sold for approximately $156.12 thousand. 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 weak 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 $24.31 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $22.02 and $24.88 at the end of this 3-month period.
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VLYPO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -0.0838%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Valley National Bancorp Non-Cum Perp Red 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 $23.66 and $23.06. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should fall by -5.73% to $22.48 within 34 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for Valley National Bancorp Non-Cum Perp Red stock
Valley National Bancorp Non-Cum Perp Red finds support from accumulated volume at $23.43 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.320 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.42%
Our recommended stop-loss: $23.05 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VLYPO) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Valley National Bancorp Non-Cum Perp Red Pfd Registered Shs Series B to open at $23.74, and during the day (based on 14 day Average True Range), to move between $23.35 and $24.35, which gives a possible trading interval of +/-$0.502 (+/-2.11%) up or down from last closing price. If Valley National Bancorp Non-Cum Perp Red Pfd Registered Shs Series B takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.87 (0.08%) than the support at $23.43 (1.76%), 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 Valley National Bancorp Non-Cum Perp Red Pfd Registered Shs Series B 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 Valley National Bancorp Non-Cum Perp Red stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.330 Buy Candidate Upgraded
Predicted Opening Price for Valley National Bancorp Non-Cum Perp Red Pfd Registered Shs Series B of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $23.74 ( 0.447%) | $23.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLYPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.06 | 0.89 % | |
| R2 | 23.94 | 0.382 % | ||
| R1 | 23.87 | 0.0653 % | ||
| Current price: | 23.85 | |||
| Support | S1 | 23.62 | -0.96 % | |
| S2 | 23.55 | -1.28 % | ||
| S3 | 23.42 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.06 | 0.88 % | |
| R2 | 24.03 | 0.755 % | ||
| R1 | 23.87 | 0.0839 % | ||
| Current price | 23.85 | |||
| Support | S1 | 23.43 | -1.76% | |
| S2 | 23.04 | -3.40% | ||
| S3 | 21.05 | -11.74% |
VLYPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 13, 2024 | Mar 29, 2024 | $0.574 | 2.52% |
| 2 | Dec 06, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.577 | 2.47% |
| 3 | Aug 14, 2023 | Sep 13, 2023 | Sep 29, 2023 | $0.582 | 2.56% |
| 4 | May 15, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.558 | 2.33% |
| 5 | Mar 01, 2023 | Mar 14, 2023 | Mar 30, 2023 | $0.519 | 2.24% |
FAQ
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