Valhi Inc Stock Forecast
Red day on Thursday for Valhi Inc stock after losing 1.37%
(Updated on Apr 25, 2024)
The Valhi Inc stock price fell by -1.37% on the last day (Thursday, 25th Apr 2024) from $14.56 to $14.36. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.24% from a day low at $14.19 to a day high of $14.65. The price has fallen in 7 of the last 10 days and is down by -8.13% 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 -780 shares and in total, 3 thousand shares were bought and sold for approximately $36.69 thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $14.57. A reaction back to this level may hold a second chance to get out before further falls.
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VHI Signals & Forecast
There are few to no technical positive signals at the moment. The Valhi Inc 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 $14.96 and $15.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -18.32%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Valhi Inc stock
Valhi Inc finds support from accumulated volume at $13.82 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.460 between high and low, or 3.24%. For the last week the stock has had daily average volatility of 4.32%.
Valhi Inc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VHI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Valhi Inc to open at $14.40, and during the day (based on 14 day Average True Range), to move between $13.73 and $14.99, which gives a possible trading interval of +/-$0.629 (+/-4.38%) up or down from last closing price. If Valhi Inc takes out the full calculated possible swing range there will be an estimated 8.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.76 (2.79%) than the support at $13.82 (3.76%), 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 Valhi Inc stock A Buy?
The Valhi Inc stock holds several negative signals and despite the positive trend, we believe Valhi Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.571 Sell Candidate Unchanged
Predicted Opening Price for Valhi Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $14.40 ( 0.279%) | $14.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.86 | 3.48 % | |
| R2 | 14.68 | 2.26 % | ||
| R1 | 14.58 | 1.50 % | ||
| Current price: | 14.36 | |||
| Support | S1 | 14.22 | -0.95 % | |
| S2 | 14.12 | -1.70 % | ||
| S3 | 13.94 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.28 | 13.37 % | |
| R2 | 15.49 | 7.87 % | ||
| R1 | 14.76 | 2.79 % | ||
| Current price | 14.36 | |||
| Support | S1 | 13.82 | -3.76% | |
| S2 | 13.18 | -8.22% | ||
| S3 | 12.68 | -11.70% |
VHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 08, 2024 | Mar 26, 2024 | $0.0800 | 0.473% |
| 2 | Nov 02, 2023 | Nov 30, 2023 | Dec 21, 2023 | $0.0800 | 0.500% |
| 3 | Aug 03, 2023 | Aug 31, 2023 | Sep 21, 2023 | $0.0800 | 0.608% |
| 4 | May 25, 2023 | Jun 02, 2023 | Jun 22, 2023 | $0.0800 | 0.608% |
| 5 | Mar 02, 2023 | Mar 10, 2023 | Mar 28, 2023 | $0.0800 | 0.462% |
FAQ
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