Virtus Investment Partners Stock Forecast
Virtus Investment Partners stock price ended at $226.08 on Wednesday, after gaining 0.288%.
(Updated on Jul 03, 2024)
The Virtus Investment Partners stock price gained 0.288% on the last trading day (Wednesday, 3rd Jul 2024), rising from $225.43 to $226.08. During the last trading day the stock fluctuated 0.778% from a day low at $225.03 to a day high of $226.78. The price has risen in 6 of the last 10 days and is up by 4.03% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 11 thousand shares were bought and sold for approximately $2.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.76% during the next 3 months and, with a 90% probability hold a price between $198.76 and $220.57 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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VRTS Signals & Forecast
The Virtus Investment Partners 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 $223.45 and $224.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Virtus Investment Partners stock
Virtus Investment Partners finds support from accumulated volume at $225.85 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 $1.75 (0.778%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $216.67 (-4.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (VRTS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Virtus Investment Partners to open at $225.96, and during the day (based on 14 day Average True Range), to move between $221.29 and $230.87, which gives a possible trading interval of +/-$4.79 (+/-2.12%) up or down from last closing price. If Virtus Investment Partners takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $225.85 (0.10%) than the resistance at $227.58 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Virtus Investment Partners stock A Buy?
Virtus Investment Partners 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: -0.339 Hold/Accumulate Unchanged
Predicted Opening Price for Virtus Investment Partners of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $225.96 ( 0.0516%) | $226.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VRTS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 227.71 | 0.722% |
| R2 | 227.04 | 0.427% |
| R1 | 226.63 | 0.244% |
| Price | 226.08 | |
| S1 | 225.29 | -0.347% |
| S2 | 224.88 | -0.530% |
| S3 | 224.21 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 239.64 | 6.00% |
| R2 | 228.59 | 1.11% |
| R1 | 227.58 | 0.663% |
| Price | 226.08 | |
| S1 | 225.85 | -0.102% |
| S2 | 222.19 | -1.72% |
| S3 | 219.21 | -3.04% |
VRTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | Jul 31, 2024 | Aug 15, 2024 | $1.90 | 0.84% |
| 2 | Feb 22, 2024 | Apr 29, 2024 | May 15, 2024 | $1.90 | 0.81% |
| 3 | Dec 06, 2023 | Jan 30, 2024 | Feb 15, 2024 | $1.90 | 0.81% |
| 4 | Aug 17, 2023 | Oct 30, 2023 | Nov 15, 2023 | $1.90 | 0.94% |
| 5 | May 17, 2023 | Jul 28, 2023 | Aug 15, 2023 | $1.65 | 0.85% |
FAQ
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