VOC Energy Trust Stock Forecast

VOC Energy Trust stock price ended at $6.17 on Wednesday, after losing 0%.
(Updated on Apr 24, 2024)

VOC Signals & Forecast

There are few to no technical positive signals at the moment. The VOC Energy 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 $6.19 and $6.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -7.36%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for VOC Energy Trust stock

VOC Energy Trust finds support from accumulated volume at $6.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.197 between high and low, or 3.26%. For the last week the stock has had daily average volatility of 2.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VOC) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect VOC Energy Trust to open at $6.16, and during the day (based on 14 day Average True Range), to move between $5.96 and $6.38, which gives a possible trading interval of +/-$0.209 (+/-3.39%) up or down from last closing price. If VOC Energy Trust takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.12 (0.81%) than the resistance at $6.46 (4.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is VOC Energy Trust stock A Buy?

VOC Energy Trust holds several negative signals and is within a wide 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.

Current score: -3.679 Sell Candidate Unchanged

Predicted Opening Price for VOC Energy Trust of Thursday, April 25, 2024

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