Vwf Bancorp, Inc. Stock Forecast
Vwf Bancorp, Inc. stock price ended at $15.24 on Wednesday, after gaining 1.60%.
(Updated on Jun 26, 2024)
The Vwf Bancorp, Inc. stock price gained 1.60% on the last trading day (Wednesday, 26th Jun 2024), rising from $15.00 to $15.24. During the last trading day the stock fluctuated 0% from a day low at $15.24 to a day high of $15.24. The price has been going up and down for this period, and there has been a 1.94% gain for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 100 shares were bought and sold for approximately $1.52 thousand. 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 upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $15.28 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between $15.03 and $15.73 at the end of this 3-month period.
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VWFB Signals & Forecast
The Vwf Bancorp, 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 $14.98 and $14.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 6.20%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vwf Bancorp, Inc. stock
Vwf Bancorp, Inc. finds support from accumulated volume at $15.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.11%
Our recommended stop-loss: $14.59 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (VWFB) For The Upcoming Trading Day Of Thursday 27th
With no resistance above and support from accumulated volume @ $15.00, some $0.240 (1.57%) from the current price of $15.24, our system finds the risk reward attractive.
Is Vwf Bancorp, Inc. stock A Buy?
Vwf Bancorp, Inc. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vwf Bancorp, Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $15.24 ( 0%) | $15.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWFB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.24 | - |
| R2 | 15.24 | - |
| R1 | 15.24 | - |
| Price | 15.24 | |
| S1 | 15.24 | - |
| S2 | 15.24 | - |
| S3 | 15.24 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 15.24 | |
| S1 | 15.00 | -1.57% |
| S2 | 14.71 | -3.48% |
| S3 | 14.50 | -4.86% |
FAQ
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