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Verra Mobility Corporation Class A Stock Forecast NASDAQ:VRRM

$14.83 (-4.01%)

Volume: 4M

Closed: Dec 08, 2021

Hollow Logo Score: -2.319

Verra Mobility Corporation Class A Stock Forecast

$14.83 (-4.01%)

Volume: 4M

Closed: Dec 08, 2021

Score Hollow Logo -2.319
Which way will VRRM go? Request
Key Stats
P/E Ratio 116.69
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 43 and the stock is currently not being overbought or oversold

Verra Mobility Corporation Class A stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The Verra Mobility Corporation Class A stock price fell by -4.01% on the last day (Wednesday, 8th Dec 2021) from $15.45 to $14.83. During the day the stock fluctuated 3.64% from a day low at $14.55 to a day high of $15.08. The price has fallen in 6 of the last 10 days and is down by -5.78% for this period. Volume has increased on the last day by 3 million 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, 4 million shares were bought and sold for approximately $56.91 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.39% during the next 3 months and, with a 90% probability hold a price between $14.46 and $17.13 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Verra Mobility Corporation Class A stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.40. On a fall, the stock will find some support from the short-term average at $14.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, December 07, 2021, and so far it has fallen -4.01%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Verra Mobility Corporation Class A finds support from accumulated volume at $14.80 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 $0.53 between high and low, or 3.64%. For the last week, the stock has had a daily average volatility of 5.17%.

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

Is Verra Mobility Corporation Class A stock A Buy?

The Verra Mobility Corporation Class A stock holds several negative signals and despite the positive trend, we believe Verra Mobility Corporation Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.319

Predicted Opening Price for Verra Mobility Corporation Class A of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$14.82 $14.83 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 09, 2021 "Credit Suisse Group" gave "$18.50 - $19.00" rating for VRRM. The price target was set to $16.31+0.4%.

Volatility and Risk
Daily Average Volatility: 5.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $14.84
Price: $14.83
Support: $14.80

VRRM Insider Trading Show all Trades

INSIDER POWER

0.0810

Last 100 transactions
Buy: 1 467 851 | Sell: 18 123 558 (Shares)
Date Action Amount Person Type
Nov 02, 2021 Sell 37 500 Roberts David Martin Class A Common Stock
Oct 25, 2021 Sell 145 388 Chiodo Patricia Restricted Stock Units
Oct 25, 2021 Sell 80 000 Chiodo Patricia Class A Common Stock
Oct 23, 2021 Sell 296 372 Roberts David Martin Restricted Stock Units
Oct 23, 2021 Sell 124 625 Roberts David Martin Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.0810

Last 100 transactions
Buy: 1 467 851 | Sell: 18 123 558 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.35 3.51 %
15.15 2.14 %
15.02 1.30 %
Current price: 14.83
Support 14.62 -1.43 %
14.49 -2.28 %
14.29 -3.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.00 1.15 %
14.99 1.08 %
14.84 0.0674 %
Current price 14.83
Support 14.80 -0.20%
14.71 -0.81%
14.65 -1.21%

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