Valvoline Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Valvoline Inc
(Updated on May 01, 2024)
No changes to the price of Valvoline Inc stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 2.48% from a day low at $41.99 to a day high of $43.03. The price has been going up and down for this period, and there has been a 3.1% gain for the last 2 weeks.
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 8.16% during the next 3 months and, with a 90% probability hold a price between $42.68 and $50.41 at the end of this 3-month period.
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VVV Signals & Forecast
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. The Valvoline Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.55 and $43.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.49%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Valvoline Inc stock
Valvoline Inc finds support from accumulated volume at $40.40 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 $1.04 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VVV) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Valvoline Inc to open at $42.51, and during the day (based on 14 day Average True Range), to move between $41.67 and $43.37, which gives a possible trading interval of +/-$0.85 (+/-1.99%) up or down from last closing price. If Valvoline Inc takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.20 (1.60%) than the support at $40.40 (4.99%), 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
Valvoline Inc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.360. We will update the financials statements for Valvoline Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.66% in the first trading day after earnings release.
Is Valvoline Inc stock A Buy?
The Valvoline Inc stock holds several negative signals and despite the positive trend, we believe Valvoline Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.089 Sell Candidate Unchanged
Predicted Opening Price for Valvoline Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $42.51 ( 0.0157%) | $42.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.55 | 2.43 % | |
| R2 | 43.16 | 1.50 % | ||
| R1 | 42.91 | 0.92 % | ||
| Current price: | 42.52 | |||
| Support | S1 | 42.12 | -0.95 % | |
| S2 | 41.87 | -1.53 % | ||
| S3 | 41.47 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.14 | 3.81 % | |
| R2 | 43.75 | 2.89 % | ||
| R1 | 43.20 | 1.60 % | ||
| Current price | 42.52 | |||
| Support | S1 | 40.40 | -4.99% | |
| S2 | 39.36 | -7.43% | ||
| S3 | 37.06 | -12.84% |
VVV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 21, 2022 | Dec 01, 2022 | Dec 15, 2022 | $0.125 | 0.403% |
| 2 | Jul 20, 2022 | Aug 30, 2022 | Sep 15, 2022 | $0.125 | 0.451% |
| 3 | Apr 21, 2022 | May 27, 2022 | Jun 15, 2022 | $0.125 | 0.407% |
| 4 | Jan 24, 2022 | Feb 25, 2022 | Mar 15, 2022 | $0.125 | 0.419% |
| 5 | Nov 11, 2021 | Nov 26, 2021 | Dec 15, 2021 | $0.125 | 0.355% |
FAQ
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