Marriot Vacations Worldwide Corporation Stock Forecast
Marriot Vacations Worldwide Corporation stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The Marriot Vacations Worldwide Corporation stock price gained 1.30% on the last trading day (Thursday, 18th Apr 2024), rising from $97.67 to $98.94. During the last trading day the stock fluctuated 1.82% from a day low at $97.55 to a day high of $99.33. The price has risen in 7 of the last 10 days but is still down by -1.04% for this period. Volume fell on the last day by -134 thousand shares and in total, 375 thousand shares were bought and sold for approximately $37.11 million. 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $98.02 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.00% during the next 3 months and, with a 90% probability hold a price between $121.55 and $139.69 at the end of this 3-month period.
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VAC Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.16%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Marriot Vacations Worldwide Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $98.61 and $98.89. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Marriot Vacations Worldwide Corporation stock
Marriot Vacations Worldwide Corporation finds support from accumulated volume at $97.84 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 $1.78 between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: $94.09 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (VAC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Marriot Vacations Worldwide Corporation to open at $98.61, and during the day (based on 14 day Average True Range), to move between $96.11 and $101.77, which gives a possible trading interval of +/-$2.83 (+/-2.86%) up or down from last closing price. If Marriot Vacations Worldwide Corporation takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $97.84 (1.11%) than the resistance at $103.85 (4.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marriot Vacations Worldwide Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.062 Buy Candidate Upgraded
Predicted Opening Price for Marriot Vacations Worldwide Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $98.61 ( 0.339%) | $98.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.38 | 1.46 % | |
| R2 | 99.70 | 0.770 % | ||
| R1 | 99.28 | 0.347 % | ||
| Current price: | 98.94 | |||
| Support | S1 | 97.93 | -1.02 % | |
| S2 | 97.51 | -1.45 % | ||
| S3 | 96.83 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.73 | 8.88 % | |
| R2 | 107.18 | 8.33 % | ||
| R1 | 103.85 | 4.96 % | ||
| Current price | 98.94 | |||
| Support | S1 | 97.84 | -1.11% | |
| S2 | 97.79 | -1.16% | ||
| S3 | 95.98 | -2.99% |
VAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.760 | 0.777% |
| 2 | Dec 07, 2023 | Dec 20, 2023 | Jan 04, 2024 | $0.760 | 0.89% |
| 3 | May 11, 2023 | May 24, 2023 | Jun 08, 2023 | $0.720 | 0.549% |
| 4 | Feb 16, 2023 | Mar 01, 2023 | Mar 16, 2023 | $0.720 | 0.532% |
| 5 | Dec 01, 2022 | Dec 21, 2022 | Jan 05, 2023 | $0.720 | 0.530% |
FAQ
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