Vestas Wind Systems A/S Stock Forecast
Vestas Wind Systems A/S stock price took a fall of -5.37% on Thursday
(Updated on Jun 27, 2024)
The Vestas Wind Systems A/S stock price fell by -5.37% on the last day (Thursday, 27th Jun 2024) from kr176.00 to kr166.55. During the last trading day the stock fluctuated 5.46% from a day low at kr166.55 to a day high of kr175.65. The price has been going up and down for this period, and there has been a -10.48% loss for the last 2 weeks. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately kr578.39 million.
Given the current horizontal trend, you can expect Vestas Wind Systems A/S stock with a 90% probability to be traded between kr166.99 and kr203.22 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
There are few to no technical positive signals at the moment. 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 kr175.76 and kr187.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -17.75%. Further fall is indicated until a new bottom pivot has been found. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 kr9.10 between high and low, or 5.46%. For the last week, the stock has had daily average volatility of 3.03%.
Vestas Wind Systems A/S is oversold on RSI14 (19). 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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Vestas Wind Systems A/S to open at kr169.58, and during the day (based on 14 day Average True Range), to move between kr160.93 and kr172.17, which gives a possible trading interval of +/-kr5.62 (+/-3.38%) 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 6.75% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr179.20, some kr12.65 (7.60%) from the current price of kr166.55, our system finds the risk reward not very attractive.
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: -2.880 Sell Candidate Unchanged
Predicted Opening Price for Vestas Wind Systems A/S of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| kr169.58 ( 1.82%) | kr166.55 |
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 | 178.68 | 7.29% |
| R2 | 175.21 | 5.20% |
| R1 | 173.06 | 3.91% |
| Price | 166.55 | |
| S1 | 166.11 | -0.266% |
| S2 | 163.96 | -1.56% |
| S3 | 160.48 | -3.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 192.85 | 15.79% |
| R2 | 191.10 | 14.74% |
| R1 | 179.20 | 7.60% |
| Price | 166.55 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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