Royal Vopak NV Stock Forecast

Green day on Monday for Royal Vopak NV stock after gaining 0.92%
(Updated on Apr 29, 2024)

VPK.AS Signals & Forecast

The Royal Vopak NV 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 37.85€. On a fall, the stock will find some support from the long-term average at approximately 35.84€. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, April 23, 2024, and so far it has fallen -2.45%. 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 Royal Vopak NV stock

Royal Vopak NV finds support from accumulated volume at 37.08€ 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 0.480€ (1.29%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.

Our recommended stop-loss: 35.85€ (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (VPK.AS) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Royal Vopak NV to open at 37.35€, and during the day (based on 14 day Average True Range), to move between 36.65€ and 38.19€, which gives a possible trading interval of +/-0.765€ (+/-2.04%) up or down from last closing price. If Royal Vopak NV takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 37.72€ (0.80%) than the support at 37.08€ (0.91%), 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 Royal Vopak NV stock A Buy?

Royal Vopak NV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.342 Hold/Accumulate Unchanged

Predicted Opening Price for Royal Vopak NV of Tuesday, April 30, 2024

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