Vertiv Holdings Co. Stock Forecast
A very red day for Vertiv Holdings Co. stock price after a -7.41% fall in the Friday trading session
(Updated on Apr 19, 2024)
The Vertiv Holdings Co. stock price fell by -7.41% on the last day (Friday, 19th Apr 2024) from $81.01 to $75.01. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.48% from a day low at $74.57 to a day high of $80.15. The price has fallen in 7 of the last 10 days and is down by -12.1% for this period. Volume has increased on the last day by 9 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, 16 million shares were bought and sold for approximately $1.19 billion.
Given the current short-term trend, the stock is expected to rise 59.54% during the next 3 months and, with a 90% probability hold a price between $119.67 and $142.91 at the end of this 3-month period.
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VRT Signals & Forecast
There are few to no technical positive signals at the moment. The Vertiv Holdings Co. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $81.59 and $78.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -13.12%. 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 for Vertiv Holdings Co. stock
On the downside, the stock finds support just below today's level from accumulated volume at $67.00 and $62.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vertiv Holdings Co. finds support just below today's level at $67.00. If this is broken, then the next support from accumulated volume will be at $62.90 and $58.55.
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 $5.58 (7.48%) between high and low. For the last week, the stock has had daily average volatility of 6.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VRT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Vertiv Holdings Co. to open at $76.58, and during the day (based on 14 day Average True Range), to move between $70.46 and $79.56, which gives a possible trading interval of +/-$4.55 (+/-6.07%) up or down from last closing price. If Vertiv Holdings Co. takes out the full calculated possible swing range there will be an estimated 12.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $77.06 (2.73%) than the support at $67.00 (10.68%), 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.
Earnings coming up
Vertiv Holdings Co. will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.370. We will update the financials statements for Vertiv Holdings Co., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.31% in the first trading day after earnings release.
Is Vertiv Holdings Co. stock A Buy?
The Vertiv Holdings Co. stock holds several negative signals and despite the positive trend, we believe Vertiv Holdings Co. 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: -4.389 Sell Candidate Downgraded
Predicted Opening Price for Vertiv Holdings Co. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $76.58 ( 2.09%) | $75.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.16 | 9.53 % | |
| R2 | 80.03 | 6.69 % | ||
| R1 | 78.71 | 4.93 % | ||
| Current price: | 75.01 | |||
| Support | S1 | 74.45 | -0.753 % | |
| S2 | 73.13 | -2.51 % | ||
| S3 | 71.00 | -5.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.01 | 8.00 % | |
| R2 | 77.14 | 2.84 % | ||
| R1 | 77.06 | 2.73 % | ||
| Current price | 75.01 | |||
| Support | S1 | 67.00 | -10.68% | |
| S2 | 62.90 | -16.14% | ||
| S3 | 58.55 | -21.94% |
VRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 18, 2024 | Mar 28, 2024 | $0.0250 | 0.0306% |
| 2 | Nov 29, 2023 | Dec 08, 2023 | Dec 27, 2023 | $0.0250 | 0.0511% |
| 3 | Nov 18, 2022 | Nov 29, 2022 | Dec 15, 2022 | $0.0100 | 0.0755% |
| 4 | Nov 04, 2021 | Nov 30, 2021 | Dec 16, 2021 | $0.0100 | 0.0416% |
| 5 | Oct 28, 2020 | Dec 01, 2020 | Dec 17, 2020 | $0.0100 | 0.0519% |
FAQ
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