Value Line Stock Forecast
Red day on Tuesday for Value Line stock after losing 1.40%
(Updated on Apr 23, 2024)
The Value Line stock price fell by -1.40% on the last day (Tuesday, 23rd Apr 2024) from $37.98 to $37.45. During the last trading day the stock fluctuated 1.34% from a day low at $37.45 to a day high of $37.95. The price has been going up and down for this period, and there has been a -2.24% loss for the last 2 weeks. Volume has increased on the last day by 2 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 thousand shares were bought and sold for approximately $78.72 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $36.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.43% during the next 3 months and, with a 90% probability hold a price between $30.59 and $35.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VALU Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.19%. 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 Value Line 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 $37.55 and $39.15. 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). Value Line gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Value Line stock
Value Line finds support from accumulated volume at $37.37 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 $0.502 between high and low, or 1.34%. For the last week, the stock has had daily average volatility of 0.567%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VALU) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Value Line to open at $37.62, and during the day (based on 14 day Average True Range), to move between $36.36 and $38.54, which gives a possible trading interval of +/-$1.09 (+/-2.92%) up or down from last closing price. If Value Line takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.37 (0.21%) than the resistance at $42.03 (12.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Value Line stock A Buy?
Value Line 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: -2.344 Sell Candidate Unchanged
Predicted Opening Price for Value Line of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $37.62 ( 0.447%) | $37.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VALU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.12 | 1.79 % | |
| R2 | 37.93 | 1.28 % | ||
| R1 | 37.81 | 0.96 % | ||
| Current price: | 37.45 | |||
| Support | S1 | 37.43 | -0.0652 % | |
| S2 | 37.31 | -0.382 % | ||
| S3 | 37.12 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.99 | 22.80 % | |
| R2 | 42.71 | 14.05 % | ||
| R1 | 42.03 | 12.23 % | ||
| Current price | 37.45 | |||
| Support | S1 | 37.37 | -0.214% | |
| S2 | 37.01 | -1.17% | ||
| S3 | 0 | . |
VALU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 10, 2024 | $0.300 | 0.80% |
| 2 | Jan 19, 2024 | Jan 26, 2024 | Feb 09, 2024 | $0.280 | 0.666% |
| 3 | Oct 20, 2023 | Oct 27, 2023 | Nov 09, 2023 | $0.280 | 0.629% |
| 4 | Jul 21, 2023 | Jul 28, 2023 | Aug 10, 2023 | $0.280 | 0.499% |
| 5 | Apr 21, 2023 | Apr 28, 2023 | Aug 10, 2023 | $0.280 | 0.499% |
FAQ
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