Vatryggingafelag Islands hf. Stock Forecast
Red day on Wednesday for Vatryggingafelag Islands hf. stock after losing 0%
(Updated on Apr 17, 2024)
No changes to the price of Vatryggingafelag Islands hf. stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at 17.40 Íkr to a day high of 17.40 Íkr. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.54% during the next 3 months and, with a 90% probability hold a price between 16.16 Íkr and 17.40 Íkr 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.
VIS.IC Signals & Forecast
There are mixed signals in the stock today. The Vatryggingafelag Islands hf. 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 17.40 Íkr and 17.72 Íkr. 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. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vatryggingafelag Islands hf. stock
Vatryggingafelag Islands hf. finds support from accumulated volume at 17.20 Íkr 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 Íkr between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: 16.36 Íkr (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (VIS.IC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Vatryggingafelag Islands hf. to open at 17.40 Íkr, and during the day (based on 14 day Average True Range), to move between 17.31 Íkr and 17.49 Íkr, which gives a possible trading interval of +/-0.0885 Íkr (+/-0.51%) up or down from last closing price. If Vatryggingafelag Islands hf. takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.20 Íkr (1.15%) than the resistance at 17.60 Íkr (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vatryggingafelag Islands hf. stock A Buy?
Vatryggingafelag Islands hf. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vatryggingafelag Islands hf. of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
17.40 Íkr ( 0%) | 17.40 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIS.IC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.40 | . | |
R2 | 17.40 | . | ||
R1 | 17.40 | . | ||
Current price: | 17.40 | |||
Support | S1 | 17.40 | . | |
S2 | 17.40 | . | ||
S3 | 17.40 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.20 | 4.60 % | |
R2 | 18.00 | 3.45 % | ||
R1 | 17.60 | 1.15 % | ||
Current price | 17.40 | |||
Support | S1 | 17.20 | -1.15% | |
S2 | 17.10 | -1.72% | ||
S3 | 0 | . |
VIS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Apr 02, 2024 | 0.520 Íkr | 2.99% |
2 | Mar 15, 2023 | Mar 15, 2023 | Mar 15, 2023 | 0.544 Íkr | 2.97% |
3 | Mar 18, 2022 | Mar 18, 2022 | Mar 18, 2022 | 2.00 Íkr | 10.70% |
4 | Mar 23, 2018 | Mar 23, 2018 | Mar 23, 2018 | 0.600 Íkr | 4.67% |
5 | Mar 17, 2016 | Mar 17, 2016 | Mar 17, 2016 | 0.90 Íkr | 11.03% |
FAQ
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