Verint Systems Inc. Stock Forecast
Red day on Wednesday for Verint Systems Inc.
(Updated on May 08, 2024)
The Verint Systems Inc. stock price fell by -0.477% on the last day (Wednesday, 8th May 2024) from $31.46 to $31.31. During the last trading day the stock fluctuated 1.32% from a day low at $31.06 to a day high of $31.47. The price has been going up and down for this period, and there has been a 0.87% gain for the last 2 weeks. Volume has increased on the last day by 146 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, 366 thousand shares were bought and sold for approximately $11.46 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $31.50 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.88% during the next 3 months and, with a 90% probability hold a price between $28.04 and $30.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.02 and $30.83. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -0.698%. 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. The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Verint Systems Inc. stock
Verint Systems Inc. finds support from accumulated volume at $31.13 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 $0.410 between high and low, or 1.32%. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: $30.42 (-2.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VRNT) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Verint Systems Inc. to open at $31.28, and during the day (based on 14 day Average True Range), to move between $30.42 and $32.20, which gives a possible trading interval of +/-$0.89 (+/-2.84%) up or down from last closing price. If Verint Systems Inc. takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.13 (0.57%) than the resistance at $32.47 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verint Systems Inc. stock A Buy?
Verint Systems Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.191 Hold/Accumulate Unchanged
Predicted Opening Price for Verint Systems Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $31.28 ( 0.0958%) | $31.31 |
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 | 31.69 | 1.21 % | |
| R2 | 31.53 | 0.713 % | ||
| R1 | 31.44 | 0.404 % | ||
| Current price: | 31.31 | |||
| Support | S1 | 31.12 | -0.596 % | |
| S2 | 31.03 | -0.91 % | ||
| S3 | 30.87 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.15 | 5.88 % | |
| R2 | 33.05 | 5.56 % | ||
| R1 | 32.47 | 3.70 % | ||
| Current price | 31.31 | |||
| Support | S1 | 31.13 | -0.575% | |
| S2 | 31.10 | -0.671% | ||
| S3 | 30.57 | -2.36% |
FAQ
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