Village Super Market Forecast and Stock Analysis
Technical VLGEA stock analysis for Friday May 24, 2019.
|Price to book||USD 1.26|
|Next Earnings Date||n/a|
Village Super Market gained 1.79% in the last trading day ( Friday, 24th May 2019 ), rising from $27.32 to $27.81 During day the stock fluctuated 1.86% from a day low at $27.36 to a day high of $27.87. The price has fallen in 7 of the last 10 days and is down by -0.78% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 11 493 more shares were traded than the day before. In total, 34 498 shares bought and sold for approximately $959 389.00.
- 30 day high of the VLGEA stock price was $29.99 and low was $26.55.
- 90 day high was $32.20 and low was $26.32.
- 52 week high for the Village Super Market - $32.20 and low - $23.75.
Village Super Market lies in the middle of a wide and 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 -8.84% during the next 3 months and, with 90% probability hold a price between $22.94 and $26.43 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday May 21, 2019, which indicates further gains until a new top pivot has been found. Village Super Market has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Village Super Market holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $27.86. On a fall, the stock will find some support from the short-term average at $27.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Village Super Market finds support from accumulated volume at $27.33.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.51 (1.86%) between high and low. For the last week, the stock has had a daily average volatility of 2.47%.
Our recommended stoploss: $26.20 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
2.47 %Average volatility
Very Low Low Medium High Very High
Village Super Market holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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