Vista Outdoor Inc Stock Forecast
Vista Outdoor Inc stock price up more than 6.49% on Monday
(Updated on Apr 22, 2024)
The Vista Outdoor Inc stock price gained 6.49% on the last trading day (Monday, 22nd Apr 2024), rising from $32.36 to $34.46. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.20% from a day low at $33.48 to a day high of $34.55. The price has fallen in 6 of the last 10 days but is still up by 2.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 335 thousand more shares were traded than the day before. In total, 711 thousand shares were bought and sold for approximately $24.52 million.
The stock lies in the middle of a wide and strong 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 15.54% during the next 3 months and, with a 90% probability hold a price between $37.21 and $41.55 at the end of this 3-month period.
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VSTO Signals & Forecast
The Vista Outdoor 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 $32.64 and $32.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.79%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vista Outdoor Inc stock
Vista Outdoor Inc finds support from accumulated volume at $33.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.07 between high and low, or 3.20%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $33.21 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (VSTO) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Vista Outdoor Inc to open at $34.16, and during the day (based on 14 day Average True Range), to move between $33.66 and $35.26, which gives a possible trading interval of +/-$0.799 (+/-2.32%) up or down from last closing price. If Vista Outdoor Inc takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $33.23, some $1.23 (3.57%) from the current price of $34.46, our system finds the risk reward attractive.
Is Vista Outdoor Inc stock A Buy?
Vista Outdoor Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.959 Strong Buy Candidate Upgraded
Predicted Opening Price for Vista Outdoor Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $34.16 ( 0.86%) | $34.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSTO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.23 | 2.24 % | |
| R2 | 34.82 | 1.06 % | ||
| R1 | 34.57 | 0.325 % | ||
| Current price: | 34.46 | |||
| Support | S1 | 33.75 | -2.05 % | |
| S2 | 33.50 | -2.78 % | ||
| S3 | 33.09 | -3.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 34.46 | |||
| Support | S1 | 33.23 | -3.57% | |
| S2 | 31.97 | -7.23% | ||
| S3 | 30.51 | -11.46% |
FAQ
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