Verint Systems Inc. Stock Forecast
Green day on Friday for Verint Systems Inc.
(Updated on Apr 26, 2024)
The Verint Systems Inc. stock price gained 2.42% on the last trading day (Friday, 26th Apr 2024), rising from $30.20 to $30.93. During the last trading day the stock fluctuated 2.34% from a day low at $30.29 to a day high of $31.00. The price has been going up and down for this period, and there has been a 2.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 391 thousand shares were bought and sold for approximately $12.10 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Verint Systems Inc. stock with a 90% probability to be traded between $28.40 and $32.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VRNT Signals & Forecast
The Verint Systems Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $29.99 and $30.79. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 24, 2024, and so far it has fallen -0.354%. 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).
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -2.10% to $30.28 within 7 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Verint Systems Inc. stock
Verint Systems Inc. finds support from accumulated volume at $30.87 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.710 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VRNT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Verint Systems Inc. to open at $30.74, and during the day (based on 14 day Average True Range), to move between $29.87 and $31.99, which gives a possible trading interval of +/-$1.06 (+/-3.42%) up or down from last closing price. If Verint Systems Inc. takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.87 (0.19%) than the resistance at $31.10 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verint Systems Inc. stock A Buy?
Verint Systems Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.205 Sell Candidate Unchanged
Predicted Opening Price for Verint Systems Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $30.74 ( 0.614%) | $30.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.45 | 1.68 % | |
| R2 | 31.18 | 0.80 % | ||
| R1 | 31.01 | 0.263 % | ||
| Current price: | 30.93 | |||
| Support | S1 | 30.47 | -1.49 % | |
| S2 | 30.30 | -2.03 % | ||
| S3 | 30.03 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.15 | 7.18 % | |
| R2 | 31.13 | 0.647 % | ||
| R1 | 31.10 | 0.550 % | ||
| Current price | 30.93 | |||
| Support | S1 | 30.87 | -0.194% | |
| S2 | 30.57 | -1.16% | ||
| S3 | 29.69 | -4.01% |
FAQ
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