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VAL - Valspar Corporation (The) Mon 27'th Feb 2017

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Hold/Accumulate

Score: 0.48

#3366 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 71.88%
Risk: Low
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Hold candidate since 2017-02-27

Valspar Corporation (The) Stock Analysis


Valspar Corporation (The) fell by -0.13% in the last day, from USD 111.45 to USD 111.30. The price has been going up and down for this period, and there has been a 0.73% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -28 527 shares and in total, 266 745 shares bought and sold for approx. USD 29.69 million.

Trend

Valspar Corporation (The) has broken the narrow and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at (USD 111.43 ). A reaction back to this level may hold a second chance to get out before further falls.

Signals

Valspar Corporation (The) holds buy signals from both short- and long-term moving averages. In addition, 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 USD 111.29 and USD 109.28. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 10, 2017, which indicates further gains 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Wednesday December 07, 2016 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Support & Resistance

Valspar Corporation (The) finds support from accumulated volume at USD 110.74, USD 110.67, and USD 104.52. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 111.45, USD 111.56 and USD 111.41.

The stock is about to test the resistance from accumulated volume at USD 111.45 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.29 (0.26%) between high and low. For the last week, the stock has had a daily average volatility of 0.52%.

Our recommended stoploss: USD 106.35 (-4.45%) ( Criterias: risk and negative break of trend)

Evaluation

Valspar Corporation (The) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend a hold or accumulate position awaiting further development.

Hold/Accumulate


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