Valley National Bancorp Stock Forecast
Valley National Bancorp stock price ended at $7.20 on Wednesday, after losing 0%.
(Updated on Apr 17, 2024)
No changes to the price of Valley National Bancorp stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 2.65% from a day low at $7.18 to a day high of $7.37. The price has risen in 5 of the last 10 days but is still down by -5.76% for this period.
The stock 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 -25.79% during the next 3 months and, with a 90% probability hold a price between $5.00 and $6.05 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.
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VLY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Valley National Bancorp 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 $7.41 and $7.73. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Valley National Bancorp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Valley National Bancorp to open at $7.25, and during the day (based on 14 day Average True Range), to move between $6.87 and $7.53, which gives a possible trading interval of +/-$0.327 (+/-4.55%) up or down from last closing price. If Valley National Bancorp takes out the full calculated possible swing range there will be an estimated 9.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $7.57, some $0.370 (5.14%) from the current price of $7.20, our system finds the risk reward not very attractive.
Earnings coming up
Valley National Bancorp will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.200. We will update the financials statements for Valley National Bancorp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.92% in the first trading day after earnings release.
Is Valley National Bancorp stock A Buy?
Valley National Bancorp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.743 Sell Candidate Unchanged
Predicted Opening Price for Valley National Bancorp of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $7.25 ( 0.648%) | $7.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.44 | 3.29 % | |
| R2 | 7.36 | 2.28 % | ||
| R1 | 7.32 | 1.66 % | ||
| Current price: | 7.20 | |||
| Support | S1 | 7.17 | -0.360 % | |
| S2 | 7.13 | -0.98 % | ||
| S3 | 7.06 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.16 | 13.33 % | |
| R2 | 7.98 | 10.83 % | ||
| R1 | 7.57 | 5.14 % | ||
| Current price | 7.20 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
VLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 13, 2024 | Apr 02, 2024 | $0.110 | 1.45% |
| 2 | Dec 06, 2023 | Dec 13, 2023 | Jan 03, 2024 | $0.110 | 1.06% |
| 3 | Aug 14, 2023 | Sep 13, 2023 | Oct 02, 2023 | $0.110 | 1.33% |
| 4 | Aug 06, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.110 | 1.38% |
| 5 | Mar 01, 2023 | Mar 14, 2023 | Apr 03, 2023 | $0.110 | 1.21% |
FAQ
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