Village Bank & Trust Financial Corp Stock Forecast
Green day on Monday for Village Bank & Trust Financial Corp stock after gaining 0.98%
(Updated on Apr 22, 2024)
The Village Bank & Trust Financial Corp stock price gained 0.98% on the last trading day (Monday, 22nd Apr 2024), rising from $41.59 to $42.00. During the last trading day the stock fluctuated 0.330% from a day low at $41.86 to a day high of $42.00. The price has been going up and down for this period, and there has been a 1.79% gain for the last 2 weeks. Volume fell on the last day by -169 shares and in total, 871 shares were bought and sold for approximately $36.58 thousand. 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $42.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.15% during the next 3 months and, with a 90% probability hold a price between $38.28 and $40.82 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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VBFC Signals & Forecast
The Village Bank & Trust Financial Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $41.35 and $41.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 4.21%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, April 02, 2024 with a target of $41.56. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Village Bank & Trust Financial Corp stock
Village Bank & Trust Financial Corp finds support from accumulated volume at $41.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.138 between high and low, or 0.330%. For the last week the stock has had daily average volatility of 0.492%
The Village Bank & Trust Financial Corp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $40.16 (-4.37%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (VBFC) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Village Bank & Trust Financial Corp to open at $41.95, and during the day (based on 14 day Average True Range), to move between $41.66 and $42.34, which gives a possible trading interval of +/-$0.342 (+/-0.81%) up or down from last closing price. If Village Bank & Trust Financial Corp takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.00 (0.00%) than the support at $41.12 (2.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Village Bank & Trust Financial Corp stock A Buy?
Village Bank & Trust Financial Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.574 Hold/Accumulate Unchanged
Predicted Opening Price for Village Bank & Trust Financial Corp of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $41.95 ( 0.110%) | $42.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 0.219 % | |
| R2 | 42.04 | 0.0937 % | ||
| R1 | 42.00 | 0.0160 % | ||
| Current price: | 42.00 | |||
| Support | S1 | 41.90 | -0.235 % | |
| S2 | 41.87 | -0.313 % | ||
| S3 | 41.81 | -0.439 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.18 | 2.80 % | |
| R2 | 42.50 | 1.19 % | ||
| R1 | 42.00 | 0.0043 % | ||
| Current price | 42.00 | |||
| Support | S1 | 41.12 | -2.09% | |
| S2 | 40.98 | -2.42% | ||
| S3 | 40.30 | -4.04% |
VBFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 07, 2024 | Mar 15, 2024 | $0.180 | 0.432% |
| 2 | Nov 14, 2023 | Nov 22, 2023 | Dec 01, 2023 | $0.180 | 0.453% |
| 3 | Aug 28, 2023 | Sep 07, 2023 | Sep 15, 2023 | $0.160 | 0.361% |
| 4 | May 23, 2023 | Jun 02, 2023 | Jun 12, 2023 | $0.160 | 0.378% |
| 5 | Feb 28, 2023 | Mar 09, 2023 | Mar 17, 2023 | $0.160 | 0.294% |
FAQ
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