Weaker Buy Today VRTSP ranks #646 as BUY CANDIDATE. Stronger Buy
Today VRTSP ranks #646 as BUY CANDIDATE.

VRTSP stock Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock

VRTSP stock
Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock

February 15, 2019
Change 0.70%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will VRTSP stock price go up or down on Tue, 19 Feb 2019?

Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock Forecast and Stock Analysis

Technical VRTSP stock analysis for February 15, 2019.

Buy candidate since 2019-02-14 Gain 0.70%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.17
ROA 2.71

Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock gained 0.70% in the last trading day, rising from $88.32 to $88.94 , and 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. The price has risen in 6 of the last 10 days and is up by 6.96% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 42 827 more shares were traded than the day before. In total, 47 888 shares bought and sold for approximately $4.26 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the VRTSP stock was $88.94. This is 0.7% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 1.07% from a day low at $88.00 to a day high of $88.94.

30 day high of the VRTSP stock price was $88.94 and low was $76.95.
90 day high was $96.00 and low was $66.63.
52 week high for the Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock - $114.06 and low - $66.63.

Trend

Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock has broken the very wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $87.45 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $105.47 sometime during the next 3 months.

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Signals

Only positive signals in the chart today. Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock 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 $85.74 and $81.29. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 30, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock finds support from accumulated volume at $88.33.

Support: $88.33 Price: $88.94 Resistance: $92.22

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.94 (1.07%) between high and low. For the last week, the stock has had a daily average volatility of 1.44%.

The stock is extremely overbought on RSI14 (76). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $85.24 (-4.16%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 12 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock holds several positive signals and has broken the very wide and horizontal trend up. As the stock is in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Weaker Buy Today VRTSP ranks #646 as BUY CANDIDATE. Stronger Buy
Today VRTSP ranks #646 as BUY CANDIDATE.