Vornado Realty Trust Stock Forecast
Vornado Realty Trust stock price ended at $13.21 on Tuesday, after losing 0.83%.
(Updated on Jun 25, 2024)
The Vornado Realty Trust stock price fell by -0.83% on the last day (Tuesday, 25th Jun 2024) from $13.32 to $13.21. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.97% from a day low at $13.18 to a day high of $13.44. The price has been going up and down for this period, and there has been a -0.83% loss for the last 2 weeks. Volume has increased on the last day by 8 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, 15 thousand shares were bought and sold for approximately $198.19 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.44% during the next 3 months and, with a 90% probability hold a price between $13.48 and $14.60 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VNO-PO Signals & Forecast
The Vornado Realty Trust stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.50. On a fall, the stock will find some support from the long-term average at approximately $13.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -4.14%. 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 $13.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.260 (1.97%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $12.55 (-4.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (VNO-PO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vornado Realty Trust to open at $13.28, and during the day (based on 14 day Average True Range), to move between $13.00 and $13.42, which gives a possible trading interval of +/-$0.207 (+/-1.56%) up or down from last closing price. If Vornado Realty Trust takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.21 (0.00%) than the support at $13.00 (1.59%), 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 Vornado Realty Trust stock A Buy?
Vornado Realty Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.488 Hold/Accumulate Unchanged
Predicted Opening Price for Vornado Realty Trust of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$13.28 ( 0.505%) | $13.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNO-PO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.54 | 2.47% |
R2 | 13.44 | 1.72% |
R1 | 13.38 | 1.26% |
Price | 13.21 | |
S1 | 13.18 | -0.247% |
S2 | 13.12 | -0.711% |
S3 | 13.02 | -1.46% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.66 | 3.41% |
R2 | 13.32 | 0.83% |
R1 | 13.21 | 0.0008% |
Price | 13.21 | |
S1 | 13.00 | -1.59% |
S2 | 12.75 | -3.48% |
S3 | 12.72 | -3.71% |
VNO-PO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2024 | Jun 17, 2024 | Jul 01, 2024 | $0.278 | 2.11% |
2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.278 | 2.15% |
3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.278 | 2.08% |
4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.278 | 2.26% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.278 | 2.07% |
FAQ
Click here for our free guide on how to buy Vornado Realty Trust Stock.