VOC Energy Trust Stock Forecast
Green day on Friday for VOC Energy Trust stock after gaining 1.04%
(Updated on May 03, 2024)
The VOC Energy Trust stock price gained 1.04% on the last trading day (Friday, 3rd May 2024), rising from $5.75 to $5.81. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.00% from a day low at $5.75 to a day high of $5.81. The price has fallen in 5 of the last 10 days and is down by -5.53% for this period. Volume fell on the last day by -4 thousand shares and in total, 27 thousand shares were bought and sold for approximately $157.21 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.48% during the next 3 months and, with a 90% probability hold a price between $5.09 and $5.94 at the end of this 3-month period.
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VOC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $5.87 and $6.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for VOC Energy Trust stock
VOC Energy Trust finds support from accumulated volume at $5.75 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 $0.0576 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 2.88%.
VOC Energy Trust is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect VOC Energy Trust to open at $5.79, and during the day (based on 14 day Average True Range), to move between $5.62 and $6.00, which gives a possible trading interval of +/-$0.191 (+/-3.30%) up or down from last closing price. If VOC Energy Trust takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.75 (1.03%) than the resistance at $6.17 (6.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
VOC Energy Trust will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for VOC Energy Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.06% in the first trading day after earnings release.
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: -2.298 Sell Candidate Unchanged
Predicted Opening Price for VOC Energy Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.79 ( 0.330%) | $5.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.85 | 0.661 % | |
| R2 | 5.83 | 0.282 % | ||
| R1 | 5.81 | 0.0482 % | ||
| Current price: | 5.81 | |||
| Support | S1 | 5.77 | -0.709 % | |
| S2 | 5.76 | -0.94 % | ||
| S3 | 5.73 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.59 | 13.43 % | |
| R2 | 6.46 | 11.19 % | ||
| R1 | 6.17 | 6.20 % | ||
| Current price | 5.81 | |||
| Support | S1 | 5.75 | -1.03% | |
| S2 | 5.70 | -1.89% | ||
| S3 | 5.66 | -2.58% |
VOC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 29, 2024 | May 15, 2024 | $0.180 | 3.10% |
| 2 | Jan 19, 2024 | Jan 29, 2024 | Feb 14, 2024 | $0.190 | 2.75% |
| 3 | Oct 19, 2023 | Oct 27, 2023 | Nov 14, 2023 | $0.225 | 2.68% |
| 4 | Jul 20, 2023 | Jul 28, 2023 | Aug 14, 2023 | $0.210 | 2.42% |
| 5 | Apr 20, 2023 | Apr 28, 2023 | May 12, 2023 | $0.230 | 2.85% |
FAQ
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