Vontier Corporation Stock Forecast
Vontier Corporation stock price down 0.665% on Thursday
(Updated on May 02, 2024)
The Vontier Corporation stock price fell by -0.665% on the last day (Thursday, 2nd May 2024) from $40.62 to $40.35. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.05% from a day low at $38.42 to a day high of $40.75. The price has been going up and down for this period, and there has been a 0.05% gain for the last 2 weeks. Volume has increased on the last day by 537 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, 1 million shares were bought and sold for approximately $49.55 million.
The stock lies in the middle of a wide and 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 6.30% during the next 3 months and, with a 90% probability hold a price between $40.58 and $49.37 at the end of this 3-month period.
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VNT 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 Vontier Corporation 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 $40.78 and $42.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -11.04%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vontier Corporation stock
Vontier Corporation finds support from accumulated volume at $38.63 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 $2.33 (6.05%) between high and low. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VNT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Vontier Corporation to open at $39.84, and during the day (based on 14 day Average True Range), to move between $39.40 and $41.30, which gives a possible trading interval of +/-$0.95 (+/-2.35%) up or down from last closing price. If Vontier Corporation takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.09 (1.83%) than the support at $38.63 (4.26%), 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 Vontier Corporation stock A Buy?
The Vontier Corporation stock holds several negative signals and despite the positive trend, we believe Vontier Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.383 Sell Candidate Unchanged
Predicted Opening Price for Vontier Corporation of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$39.84 ( 1.27%) | $40.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.16 | 4.49 % | |
R2 | 41.28 | 2.29 % | ||
R1 | 40.73 | 0.93 % | ||
Current price: | 40.35 | |||
Support | S1 | 38.95 | -3.47 % | |
S2 | 38.40 | -4.83 % | ||
S3 | 37.51 | -7.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.78 | 6.02 % | |
R2 | 41.10 | 1.86 % | ||
R1 | 41.09 | 1.83 % | ||
Current price | 40.35 | |||
Support | S1 | 38.63 | -4.26% | |
S2 | 36.43 | -9.71% | ||
S3 | 35.69 | -11.55% |
VNT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 16, 2024 | Mar 06, 2024 | Mar 28, 2024 | $0.0250 | 0.0551% |
2 | Nov 13, 2023 | Nov 29, 2023 | Dec 21, 2023 | $0.0250 | 0.0726% |
3 | Aug 18, 2023 | Sep 06, 2023 | Sep 28, 2023 | $0.0300 | 0.0966% |
4 | May 15, 2023 | May 31, 2023 | Jun 22, 2023 | $0.0250 | 0.0804% |
5 | Feb 14, 2023 | Mar 01, 2023 | Mar 23, 2023 | $0.0250 | 0.0980% |
FAQ
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