Ventas Inc Stock Forecast
Weaker technical forecast for Ventas Inc as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The Ventas Inc stock price gained 1.15% on the last trading day (Friday, 19th Apr 2024), rising from $42.64 to $43.13. It has now gained 3 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 1.48% from a day low at $42.72 to a day high of $43.36. The price has risen in 6 of the last 10 days and is up by 0.09% over the past 2 weeks. Volume fell on the last day by -271 thousand shares and in total, 1 million shares were bought and sold for approximately $53.25 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 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 -9.62% during the next 3 months and, with a 90% probability hold a price between $37.47 and $39.59 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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VTR Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.48%. 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). 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. The Ventas Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $43.16. On a fall, the stock will find some support from the short-term average at $42.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Ventas Inc stock
Ventas Inc finds support from accumulated volume at $42.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.634 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VTR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Ventas Inc to open at $43.07, and during the day (based on 14 day Average True Range), to move between $42.18 and $44.08, which gives a possible trading interval of +/-$0.95 (+/-2.21%) up or down from last closing price. If Ventas Inc takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.97 (0.37%) than the resistance at $43.63 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ventas Inc stock A Buy?
Ventas 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: -1.803 Sell Candidate Downgraded
Predicted Opening Price for Ventas Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $43.07 ( 0.142%) | $43.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.70 | 1.33 % | |
| R2 | 43.46 | 0.766 % | ||
| R1 | 43.31 | 0.419 % | ||
| Current price: | 43.13 | |||
| Support | S1 | 42.83 | -0.704 % | |
| S2 | 42.68 | -1.05 % | ||
| S3 | 42.43 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.61 | 5.75 % | |
| R2 | 44.21 | 2.50 % | ||
| R1 | 43.63 | 1.16 % | ||
| Current price | 43.13 | |||
| Support | S1 | 42.97 | -0.371% | |
| S2 | 42.48 | -1.51% | ||
| S3 | 42.29 | -1.95% |
VTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 28, 2024 | Apr 18, 2024 | $0.450 | 1.06% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Jan 18, 2024 | $0.450 | 0.95% |
| 3 | Sep 13, 2023 | Sep 29, 2023 | Oct 12, 2023 | $0.450 | 1.05% |
| 4 | May 16, 2023 | Jun 30, 2023 | Jul 13, 2023 | $0.450 | 0.93% |
| 5 | Mar 14, 2023 | Mar 31, 2023 | Apr 13, 2023 | $0.450 | 1.03% |
FAQ
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