Royal Vopak NV Stock Forecast
Royal Vopak NV stock downgraded from Strong Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The Royal Vopak NV stock price gained 1.48% on the last trading day (Monday, 22nd Apr 2024), rising from 37.72€ to 38.28€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.97% from a day low at 37.54€ to a day high of 38.28€. The price has risen in 7 of the last 10 days and is up by 4.59% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 187 thousand shares were bought and sold for approximately 7.14€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.29% during the next 3 months and, with a 90% probability hold a price between 47.69€ and 52.55€ at the end of this 3-month period.
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VPK.AS Signals & Forecast
The Royal Vopak NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 37.07€ and 35.36€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 15.41%. Further rise is indicated 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Royal Vopak NV stock
On the downside, the stock finds support just below today's level from accumulated volume at 33.33€ and 32.39€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Royal Vopak NV finds support just below today's level at 33.33€. If this is broken, then the next support from accumulated volume will be at 32.39€ and 28.95€.
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 0.740€ between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: 36.96€ (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (VPK.AS) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Royal Vopak NV to open at 38.03€, and during the day (based on 14 day Average True Range), to move between 37.66€ and 38.90€, which gives a possible trading interval of +/-0.619€ (+/-1.62%) up or down from last closing price. If Royal Vopak NV takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 33.33€, some 4.95€ (12.93%) from the current price of 38.28€, our system finds the risk reward attractive.
Is Royal Vopak NV stock A Buy?
Royal Vopak NV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Royal Vopak NV of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| 38.03€ ( 0.644%) | 38.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VPK.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.77 | 1.29 % | |
| R2 | 38.49 | 0.550 % | ||
| R1 | 38.32 | 0.0941 % | ||
| Current price: | 38.28 | |||
| Support | S1 | 37.75 | -1.38 % | |
| S2 | 37.58 | -1.84 % | ||
| S3 | 37.29 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 38.28 | |||
| Support | S1 | 33.33 | -12.93% | |
| S2 | 32.39 | -15.39% | ||
| S3 | 28.95 | -24.37% |
VPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | 1.50€ | 3.92% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 1.30€ | 3.76% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | 1.25€ | 4.50% |
| 4 | Apr 23, 2021 | Apr 23, 2021 | Apr 23, 2021 | 1.20€ | 3.17% |
| 5 | Feb 12, 2020 | Apr 23, 2020 | Apr 29, 2020 | 1.15€ | 2.17% |
FAQ
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