Veritex Holdings Stock Forecast
Green day on Wednesday for Veritex Holdings stock after gaining 0.0963%
(Updated on Apr 24, 2024)
The Veritex Holdings stock price gained 0.0963% on the last trading day (Wednesday, 24th Apr 2024), rising from $20.77 to $20.79. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 6.35% from a day low at $19.84 to a day high of $21.10. The price has risen in 7 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 215 thousand more shares were traded than the day before. In total, 491 thousand shares were bought and sold for approximately $10.21 million.
The stock lies the upper part of a wide and 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 $21.24 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 -5.06% during the next 3 months and, with a 90% probability hold a price between $16.88 and $20.17 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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VBTX Signals & Forecast
The Veritex Holdings 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 $19.96 and $19.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 13.67%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Veritex Holdings stock
Veritex Holdings finds support from accumulated volume at $19.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.26 (6.35%) between high and low. For the last week, the stock has had daily average volatility of 3.56%.
Since the Veritex Holdings has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $20.01 (-3.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (VBTX) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Veritex Holdings to open at $20.58, and during the day (based on 14 day Average True Range), to move between $20.14 and $21.44, which gives a possible trading interval of +/-$0.646 (+/-3.11%) up or down from last closing price. If Veritex Holdings takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.99 (0.96%) than the support at $19.98 (3.90%), 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 Veritex Holdings stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.228 Buy Candidate Unchanged
Predicted Opening Price for Veritex Holdings of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $20.58 ( 1.03%) | $20.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBTX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.84 | 5.03 % | |
| R2 | 21.36 | 2.72 % | ||
| R1 | 21.06 | 1.29 % | ||
| Current price: | 20.79 | |||
| Support | S1 | 20.10 | -3.34 % | |
| S2 | 19.80 | -4.77 % | ||
| S3 | 19.32 | -7.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.89 | 5.29 % | |
| R2 | 21.29 | 2.41 % | ||
| R1 | 20.99 | 0.96 % | ||
| Current price | 20.79 | |||
| Support | S1 | 19.98 | -3.90% | |
| S2 | 19.44 | -6.49% | ||
| S3 | 18.65 | -10.29% |
VBTX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 23, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.200 | 0.99% |
| 2 | Oct 24, 2023 | Nov 09, 2023 | Nov 24, 2023 | $0.200 | 1.04% |
| 3 | Jul 25, 2023 | Aug 09, 2023 | Aug 25, 2023 | $0.200 | 1.05% |
| 4 | Apr 25, 2023 | May 10, 2023 | May 25, 2023 | $0.200 | 1.19% |
| 5 | Jan 24, 2023 | Feb 09, 2023 | Feb 24, 2023 | $0.200 | 0.733% |
FAQ
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