Valley National Bancorp Non-Cum Perp Pfd Stock Forecast
Valley National Bancorp Non-Cum Perp Pfd stock price up 1.08% on Tuesday
(Updated on Jul 02, 2024)
The Valley National Bancorp Non-Cum Perp Pfd stock price gained 1.08% on the last trading day (Tuesday, 2nd Jul 2024), rising from $21.35 to $21.58. During the last trading day the stock fluctuated 2.40% from a day low at $21.24 to a day high of $21.75. The price has risen in 6 of the last 10 days but is still down by -1.46% for this period. Volume fell on the last day by -4 thousand shares and in total, 10 thousand shares were bought and sold for approximately $225.86 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.35 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Valley National Bancorp Non-Cum Perp Pfd stock with a 90% probability to be traded between $21.59 and $23.41 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VLYPP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Valley National Bancorp Non-Cum Perp Pfd 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 $21.95 and $22.34. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Valley National Bancorp Non-Cum Perp Pfd stock
Valley National Bancorp Non-Cum Perp Pfd finds support from accumulated volume at $21.53 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 $0.510 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 3.13%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLYPP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Valley National Bancorp Non-Cum Perp Pfd Shs Series A to open at $21.52, and during the day (based on 14 day Average True Range), to move between $21.10 and $22.06, which gives a possible trading interval of +/-$0.475 (+/-2.20%) up or down from last closing price. If Valley National Bancorp Non-Cum Perp Pfd Shs Series A takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.53 (0.23%) than the resistance at $21.89 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Valley National Bancorp Non-Cum Perp Pfd Shs Series A stock A Buy?
Valley National Bancorp Non-Cum Perp Pfd holds several negative signals and is within a 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.
Current score: -1.074 Sell Candidate Unchanged
Predicted Opening Price for Valley National Bancorp Non-Cum Perp Pfd Shs Series A of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $21.52 ( 0.263%) | $21.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLYPP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.03 | 2.10% |
| R2 | 21.84 | 1.20% |
| R1 | 21.72 | 0.640% |
| Price | 21.58 | |
| S1 | 21.33 | -1.17% |
| S2 | 21.21 | -1.72% |
| S3 | 21.01 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.31 | 3.38% |
| R2 | 21.98 | 1.85% |
| R1 | 21.89 | 1.44% |
| Price | 21.58 | |
| S1 | 21.53 | -0.232% |
| S2 | 21.52 | -0.278% |
| S3 | 21.38 | -0.93% |
VLYPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | Jun 13, 2024 | Jul 01, 2024 | $0.391 | 1.83% |
| 2 | Feb 23, 2024 | Mar 13, 2024 | Apr 01, 2024 | $0.391 | 1.75% |
| 3 | Dec 06, 2023 | Dec 13, 2023 | Jan 02, 2024 | $0.391 | 1.97% |
| 4 | Aug 14, 2023 | Sep 13, 2023 | Sep 29, 2023 | $0.391 | 2.04% |
| 5 | May 15, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.391 | 2.12% |
FAQ
Click here for our free guide on how to buy Valley National Bancorp Non-Cum Perp Pfd Shs Series A Stock.
