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Valmont Industries Inc stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Mar 18, 2024)

Sell candidate since Mar 18, 2024 PDF

The Valmont Industries Inc stock price fell by -1.02% on the last day (Monday, 18th Mar 2024) from $214.73 to $212.53. During the last trading day the stock fluctuated 1.40% from a day low at $212.38 to a day high of $215.36. The price has been going up and down for this period, and there has been a 1.26% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -94 thousand shares and in total, 117 thousand shares were bought and sold for approximately $24.88 million.

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 -8.48% during the next 3 months and, with a 90% probability hold a price between $185.92 and $210.36 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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VMI Signals & Forecast

There are mixed signals in the stock today. The Valmont Industries Inc 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 $214.42 and $221.74. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 3.00%. 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 Valmont Industries Inc stock

Valmont Industries Inc finds support from accumulated volume at $212.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.98 between high and low, or 1.40%. For the last week, the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VMI) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Valmont Industries Inc to open at $213.42, and during the day (based on 14 day Average True Range), to move between $208.16 and $216.90, which gives a possible trading interval of +/-$4.37 (+/-2.05%) up or down from last closing price. If Valmont Industries Inc takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $212.23 (0.14%) than the resistance at $219.10 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Valmont Industries Inc stock A Buy?

Valmont Industries Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.699 Sell Candidate Downgraded

Predicted Opening Price for Valmont Industries Inc of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$213.42 ( 0.419%) $212.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VMI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 216.40 1.82 %
R2 215.26 1.29 %
R1 214.56 0.95 %
Current price: 212.53
Support S1 212.28 -0.117 %
S2 211.58 -0.448 %
S3 210.44 -0.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 229.50 7.98 %
R2 227.00 6.81 %
R1 219.10 3.09 %
Current price 212.53
Support S1 212.23 -0.141%
S2 211.03 -0.706%
S3 206.34 -2.91%

VMI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Apr 15, 2024 $0.600 0.282%
2 Oct 31, 2023 Dec 28, 2023 Jan 16, 2024 $0.600 0.263%
3 Jul 31, 2023 Sep 28, 2023 Oct 16, 2023 $0.600 0.254%
4 Apr 24, 2023 Jun 29, 2023 Jul 14, 2023 $0.600 0.216%
5 Feb 28, 2023 Mar 30, 2023 Apr 14, 2023 $0.600 0.198%

FAQ

What is the symbol for Valmont Industries Inc Stock and on which exchange is it traded?
The symbol for Valmont Industries Inc is VMI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Valmont Industries Inc Stock?
Valmont Industries Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Valmont Industries Inc Stock?
Valmont Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Valmont Industries Inc Stock.

What's the current price of Valmont Industries Inc Stock?
As of the end of day on the 2024-03-18, the price of an Valmont Industries Inc (VMI) share was $212.53.

What is the 52-week high and low for Valmont Industries Inc Stock?
The 52-week high for Valmont Industries Inc Stock is $324.50 and the 52-week low is $188.63.

What is the market capitalization of Valmont Industries Inc Stock?
As of the 2024-03-18, the market capitalization of Valmont Industries Inc is 4.297B.

When is the next earnings date for Valmont Industries Inc?
The upcoming earnings date for Valmont Industries Inc is Apr 18, 2024.
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About Valmont Industries Inc

Valmont Industries Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, a... VMI Profile

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