VRTSP Forecast and Technical Stock Analysis
Sell candidate since 2019-07-22
Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock fell by -3.06% in the last day ( Monday, 22nd Jul 2019 ) from $94.00 to $91.12 and has now fallen 3 days in a row. During the day the stock fluctuated 0.57% from a day low at $91.12 to a day high of $91.64. The price has been going up and down for this period, and there has been a -2.49% loss for the last 2 weeks. Volume has increased in the last day by 550 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 915 shares bought and sold for approximately $83 374.80.
- 30 day high of the VRTSP stock price was $96.88 and low was $89.48.
- 90 day high was $105.57 and low was $89.48.
- 52 week high for Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock - $112.27 and low - $66.63.
Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred 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 -9.98% during the next 3 months and, with 90% probability hold a price between $75.73 and $85.98 at the end of this period.
There are few to none technical positive signals at the moment. Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $93.85 and $92.83. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 41 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
Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock finds support from accumulated volume at $91.07.
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 $0.52 (0.57%) between high and low. For the last week, the stock has had daily average volatility of 0.62%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.62 %Average volatility
Very Low Low Medium High Very High
Virtus Investment Partners Inc. 7.25% Series D Mandatory Convertible Preferred Stock 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
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