Village Super Market Stock Forecast
Red day on Thursday for Village Super Market stock after losing 0.589%
(Updated on Apr 18, 2024)
The Village Super Market stock price fell by -0.589% on the last day (Thursday, 18th Apr 2024) from $27.16 to $27.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.23% from a day low at $26.98 to a day high of $27.58. The price has fallen in 8 of the last 10 days and is down by -4.66% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 23 thousand shares were bought and sold for approximately $628.40 thousand.
Given the current short-term trend, the stock is expected to rise 11.42% during the next 3 months and, with a 90% probability hold a price between $30.08 and $32.63 at the end of this 3-month period.
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VLGEA Signals & Forecast
There are few to no technical positive signals at the moment. The Village Super Market 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 $27.58 and $27.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.63%. 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). Village Super Market gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Village Super Market stock
Village Super Market finds support from accumulated volume at $26.12 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.602 between high and low, or 2.23%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLGEA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Village Super Market to open at $27.19, and during the day (based on 14 day Average True Range), to move between $26.41 and $27.59, which gives a possible trading interval of +/-$0.586 (+/-2.17%) up or down from last closing price. If Village Super Market takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.46 (1.70%) than the support at $26.12 (3.26%), 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 Village Super Market stock A Buy?
The Village Super Market stock holds several negative signals and despite the positive trend, we believe Village Super Market will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.693 Sell Candidate Unchanged
Predicted Opening Price for Village Super Market of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $27.19 ( 0.689%) | $27.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLGEA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.79 | 2.92 % | |
| R2 | 27.56 | 2.07 % | ||
| R1 | 27.42 | 1.54 % | ||
| Current price: | 27.00 | |||
| Support | S1 | 26.96 | -0.162 % | |
| S2 | 26.81 | -0.688 % | ||
| S3 | 26.58 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.61 | 5.96 % | |
| R2 | 28.01 | 3.74 % | ||
| R1 | 27.46 | 1.70 % | ||
| Current price | 27.00 | |||
| Support | S1 | 26.12 | -3.26% | |
| S2 | 26.02 | -3.63% | ||
| S3 | 25.29 | -6.33% |
VLGEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.250 | 0.93% |
| 2 | Dec 15, 2023 | Jan 03, 2024 | Jan 25, 2024 | $0.250 | 0.94% |
| 3 | Sep 15, 2023 | Oct 04, 2023 | Oct 26, 2023 | $0.250 | 1.03% |
| 4 | Jun 16, 2023 | Jul 05, 2023 | Jul 27, 2023 | $0.250 | 1.07% |
| 5 | Mar 17, 2023 | Apr 05, 2023 | Apr 27, 2023 | $0.250 | 1.13% |
FAQ
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