Vestas Wind Systems A/S Stock Forecast
Red day on Friday for Vestas Wind Systems A/S stock after losing 0.81%
(Updated on Jun 21, 2024)
The Vestas Wind Systems A/S stock price fell by -0.81% on the last day (Friday, 21st Jun 2024) from kr179.15 to kr177.70. During the last trading day the stock fluctuated 1.75% from a day low at kr176.70 to a day high of kr179.80. The price has been going up and down for this period, and there has been a -5.68% loss for the last 2 weeks. Volume has increased on the last day by 440 thousand 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, 2 million shares were bought and sold for approximately kr388.36 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at kr175.24 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vestas Wind Systems A/S stock with a 90% probability to be traded between kr175.69 and kr203.18 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VWS.CO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.43%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vestas Wind Systems A/S 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 kr179.01 and kr188.28. A break-up above any of these levels will issue buy signals. 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 Vestas Wind Systems A/S stock
Vestas Wind Systems A/S finds support from accumulated volume at kr177.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr3.10 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 2.13%.
Vestas Wind Systems A/S is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VWS.CO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vestas Wind Systems A/S to open at kr178.07, and during the day (based on 14 day Average True Range), to move between kr172.19 and kr183.21, which gives a possible trading interval of +/-kr5.51 (+/-3.10%) up or down from last closing price. If Vestas Wind Systems A/S takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr177.50 (0.11%) than the resistance at kr179.20 (0.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vestas Wind Systems A/S stock A Buy?
Vestas Wind Systems A/S holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.113 Sell Candidate Unchanged
Predicted Opening Price for Vestas Wind Systems A/S of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| kr178.07 ( 0.206%) | kr177.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWS.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 181.17 | 1.95% |
| R2 | 179.98 | 1.28% |
| R1 | 179.25 | 0.87% |
| Price | 177.70 | |
| S1 | 176.88 | -0.460% |
| S2 | 176.15 | -0.87% |
| S3 | 174.97 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 192.85 | 8.53% |
| R2 | 191.10 | 7.54% |
| R1 | 179.20 | 0.84% |
| Price | 177.70 | |
| S1 | 177.50 | -0.113% |
| S2 | 176.75 | -0.535% |
| S3 | 175.20 | -1.41% |
VWS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | kr0.370 | 0.176% |
| 2 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | kr1.69 | 0.673% |
| 3 | Apr 08, 2020 | Apr 08, 2020 | Apr 08, 2020 | kr1.59 | 1.37% |
| 4 | Apr 04, 2019 | Apr 04, 2019 | Apr 04, 2019 | kr1.49 | 1.27% |
| 5 | Apr 04, 2018 | Apr 04, 2018 | Apr 04, 2018 | kr1.85 | 2.19% |
FAQ
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