Vornado Realty Trust Stock Forecast
Vornado Realty Trust stock upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
The Vornado Realty Trust stock price gained 1.08% on the last trading day (Thursday, 27th Jun 2024), rising from $14.83 to $14.99. During the last trading day the stock fluctuated 0.604% from a day low at $14.90 to a day high of $14.99. The price has fallen in 6 of the last 10 days and is down by -2.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately $471.36 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vornado Realty Trust stock with a 90% probability to be traded between $14.82 and $15.82 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.
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VNO-PM Signals & Forecast
The Vornado Realty Trust 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 $15.05 and $15.24. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. Vornado Realty Trust 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.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -4.36% to $14.34 within 19 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Vornado Realty Trust stock
Vornado Realty Trust finds support from accumulated volume at $14.93 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0900 between high and low, or 0.604%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: $14.11 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (VNO-PM) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Vornado Realty Trust to open at $14.96, and during the day (based on 14 day Average True Range), to move between $14.76 and $15.22, which gives a possible trading interval of +/-$0.230 (+/-1.53%) up or down from last closing price. If Vornado Realty Trust takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.93 (0.40%) than the resistance at $15.12 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vornado Realty Trust stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.572 Buy Candidate Upgraded
Predicted Opening Price for Vornado Realty Trust of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $14.96 ( 0.200%) | $14.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNO-PM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.05 | 0.400% |
| R2 | 15.02 | 0.171% |
| R1 | 14.99 | 0.0292% |
| Price | 14.99 | |
| S1 | 14.93 | -0.429% |
| S2 | 14.90 | -0.571% |
| S3 | 14.87 | -0.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.60 | 4.07% |
| R2 | 15.30 | 2.07% |
| R1 | 15.12 | 0.87% |
| Price | 14.99 | |
| S1 | 14.93 | -0.400% |
| S2 | 14.80 | -1.27% |
| S3 | 14.54 | -3.00% |
VNO-PM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jul 01, 2024 | $0.328 | 2.19% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.328 | 2.17% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.328 | 2.21% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.328 | 2.26% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $0.328 | 2.50% |
FAQ
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