Vornado Realty Trust Stock Forecast

Vornado Realty Trust stock price ended at $13.44 on Friday, after gaining 1.43%.
(Updated on Jun 28, 2024)

VNO-PO Signals & Forecast

The Vornado Realty Trust 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 $13.33 and $13.16. A breakdown below any of these levels will issue sell signals. 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. 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 -2.47%. 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).

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.

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 $0.340 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 1.58%.

Our recommended stop-loss: $12.73 (-5.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (VNO-PO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Vornado Realty Trust to open at $13.33, and during the day (based on 14 day Average True Range), to move between $13.23 and $13.65, which gives a possible trading interval of +/-$0.205 (+/-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 3.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.59 (1.12%) than the support at $13.00 (3.27%), 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?

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 Vornado Realty Trust stock to perform well in the short-term.

Current score: 2.485 Buy Candidate Unchanged

Predicted Opening Price for Vornado Realty Trust of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.