Village Bank & Trust Financial Corp Forecast and Stock Analysis
Technical VBFC stock analysis for March 22, 2019.
No changes to the price of Village Bank & Trust Financial Corp in the last trading day. The price has been going up and down for this period, and there has been a -0.72% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the VBFC stock was $32.76.
During day the stock fluctuated 0.00% from a day low at $32.76 to a day high of $32.76.
30 day high of the VBFC stock price was $34.00 and low was $31.76.
90 day high was $35.00 and low was $28.78.
52 week high for the Village Bank & Trust Financial Corp - $35.50 and low - $28.77.
Village Bank & Trust Financial Corp lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $32.56 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.49% during the next 3 months and, with 90% probability hold a price between $35.65 and $39.78 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, 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. Village Bank & Trust Financial Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $32.82 and $32.90. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Village Bank & Trust Financial Corp finds support from accumulated volume at $32.22.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Village Bank & Trust Financial Corp is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: $30.53 (-6.81%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
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Village Bank & Trust Financial Corp holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.