Vornado Realty Trust Stock Forecast
Vornado Realty Trust stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Vornado Realty Trust stock price fell by -0.92% on the last day (Tuesday, 25th Jun 2024) from $15.14 to $15.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.21% from a day low at $14.94 to a day high of $15.27. The price has fallen in 7 of the last 10 days and is down by -1.96% for this period. Volume has increased on the last day by 649 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, 11 thousand shares were bought and sold for approximately $160.07 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $15.02 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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VNO-PN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vornado Realty Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $15.32 and $15.31. 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 12, 2024, and so far it has fallen -3.91%. Further fall is indicated until a new bottom pivot has been found. Vornado Realty Trust 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 Vornado Realty Trust stock
Vornado Realty Trust finds support from accumulated volume at $14.95 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 $0.330 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VNO-PN) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vornado Realty Trust to open at $15.07, and during the day (based on 14 day Average True Range), to move between $14.75 and $15.25, which gives a possible trading interval of +/-$0.250 (+/-1.67%) up or down from last closing price. If Vornado Realty Trust takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.95 (0.33%) than the resistance at $15.35 (2.33%), 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?
Vornado Realty Trust holds several negative signals and is within a narrow 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: -3.438 Sell Candidate Downgraded
Predicted Opening Price for Vornado Realty Trust of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$15.07 ( 0.467%) | $15.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNO-PN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.40 | 2.67% |
R2 | 15.27 | 1.83% |
R1 | 15.20 | 1.31% |
Price | 15.00 | |
S1 | 14.94 | -0.374% |
S2 | 14.87 | -0.89% |
S3 | 14.74 | -1.73% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.40 | 2.67% |
R2 | 15.38 | 2.53% |
R1 | 15.35 | 2.33% |
Price | 15.00 | |
S1 | 14.95 | -0.333% |
S2 | 0 | - |
S3 | 0 | - |
VNO-PN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2024 | Jun 17, 2024 | Jun 17, 2024 | $0.328 | 2.12% |
2 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0.328 | 2.14% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.328 | 2.08% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | $0.328 | 2.28% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | $0.328 | 2.48% |
FAQ
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