Vermilion Energy Inc. Stock Forecast
Evaluation of Vermilion Energy Inc. stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Vermilion Energy Inc. stock price fell by -1.28% on the last day (Wednesday, 24th Apr 2024) from $16.42 to $16.21. During the last trading day the stock fluctuated 1.55% from a day low at $16.15 to a day high of $16.40. The price has fallen in 7 of the last 10 days and is down by -6.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -124 thousand shares and in total, 582 thousand shares were bought and sold for approximately $9.43 million.
Given the current short-term trend, the stock is expected to rise 22.05% during the next 3 months and, with a 90% probability hold a price between $19.78 and $21.73 at the end of this 3-month period.
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VET.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Vermilion Energy Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $16.32 and $16.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vermilion Energy Inc. stock
Vermilion Energy Inc. finds support from accumulated volume at $16.06 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 $0.250 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VET.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vermilion Energy Inc. to open at $16.25, and during the day (based on 14 day Average True Range), to move between $15.78 and $16.64, which gives a possible trading interval of +/-$0.433 (+/-2.67%) up or down from last closing price. If Vermilion Energy Inc. takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.06 (0.93%) than the resistance at $16.50 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Vermilion Energy Inc. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.36. We will update the financials statements for Vermilion Energy Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.84% in the first trading day after earnings release.
Is Vermilion Energy Inc. stock A Buy?
The Vermilion Energy Inc. stock holds several negative signals and despite the positive trend, we believe Vermilion Energy Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.282 Sell Candidate Downgraded
Predicted Opening Price for Vermilion Energy Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $16.25 ( 0.267%) | $16.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VET.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.50 | 1.81 % | |
| R2 | 16.41 | 1.22 % | ||
| R1 | 16.35 | 0.86 % | ||
| Current price: | 16.21 | |||
| Support | S1 | 16.16 | -0.322 % | |
| S2 | 16.10 | -0.686 % | ||
| S3 | 16.00 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.02 | 5.00 % | |
| R2 | 16.92 | 4.38 % | ||
| R1 | 16.50 | 1.79 % | ||
| Current price | 16.21 | |||
| Support | S1 | 16.06 | -0.93% | |
| S2 | 15.17 | -6.42% | ||
| S3 | 14.85 | -8.39% |
VET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 2 | Nov 01, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.100 | 0.636% |
| 3 | Aug 02, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.100 | 0.487% |
| 4 | May 03, 2023 | Jun 29, 2023 | Oct 16, 2023 | $0.100 | 0.487% |
| 5 | Mar 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.100 | 0.550% |
FAQ
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