Bullish vs. Bearish (1 opinions)
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VMC Forecast and Technical Stock Analysis
Buy candidate since 2019-09-10 Gain 3.83% PDF
Vulcan Materials Company gained 1.84% in the last trading day ( Friday, 13th Sep 2019 ), rising from $144.91 to $147.58 During the day the stock fluctuated 2.00% from a day low at $144.74 to a day high of $147.63. The price has risen in 6 of the last 10 days and is up by 4.99% over the past 2 weeks. Volume fell in the last day by -767 754 shares and in total, 975 782 shares bought and sold for approximately $144.01 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the VMC stock price was $148.15 and low was $137.28.
- 90 day high was $148.15 and low was $129.25.
- 52 week high for Vulcan Materials Company - $148.15 and low - $82.52.
Vulcan Materials Company lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $148.03 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.38% during the next 3 months and, with 90% probability hold a price between $150.50 and $158.95 at the end of this period.
Only positive signals in the chart today. Vulcan Materials Company holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $144.26 and $140.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday September 09, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 71 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Vulcan Materials Company finds support from accumulated volume at $144.91.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.89 (2.00%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $141.68 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
2.78 %Average volatility
Very Low Low Medium High Very High
Vulcan Materials Company holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|VMC $147.58 ($2.67 1.84%)|
VMC is up $2.67 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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