Viad Corp Stock Forecast
Viad Corp stock downgraded to Hold/Accumulate
(Updated on Mar 18, 2024)
The Viad Corp stock price fell by -3.87% on the last day (Monday, 18th Mar 2024) from $36.70 to $35.28. During the last trading day the stock fluctuated 3.63% from a day low at $35.28 to a day high of $36.56. The price has fallen in 6 of the last 10 days and is down by -0.11% for this period. 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 -65 thousand shares and in total, 53 thousand shares were bought and sold for approximately $1.88 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Viad Corp stock with a 90% probability to be traded between $32.86 and $37.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VVI Signals & Forecast
The Viad Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $36.05. On a fall, the stock will find some support from the long-term average at approximately $34.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -5.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Viad Corp stock
Viad Corp finds support from accumulated volume at $33.72 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 $1.28 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: $33.37 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (VVI) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Viad Corp to open at $35.71, and during the day (based on 14 day Average True Range), to move between $34.09 and $36.47, which gives a possible trading interval of +/-$1.19 (+/-3.39%) up or down from last closing price. If Viad Corp takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.60 (0.91%) than the support at $33.72 (4.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Viad Corp stock A Buy?
Viad Corp 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 Buy to a Hold/Accumulate candidate.
Current score: 0.382 Hold/Accumulate Downgraded
Predicted Opening Price for Viad Corp of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$35.71 ( 1.21%) | $35.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.99 | 4.84 % | |
R2 | 36.50 | 3.45 % | ||
R1 | 36.20 | 2.60 % | ||
Current price: | 35.28 | |||
Support | S1 | 35.22 | -0.177 % | |
S2 | 34.92 | -1.03 % | ||
S3 | 34.43 | -2.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.70 | 4.02 % | |
R2 | 35.70 | 1.19 % | ||
R1 | 35.60 | 0.91 % | ||
Current price | 35.28 | |||
Support | S1 | 33.72 | -4.42% | |
S2 | 33.09 | -6.21% | ||
S3 | 32.50 | -7.88% |
VVI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2020 | Mar 13, 2020 | Apr 01, 2020 | $0.100 | 0.525% |
2 | Dec 05, 2019 | Dec 13, 2019 | Jan 02, 2020 | $0.100 | 0.149% |
3 | Aug 29, 2019 | Sep 12, 2019 | Oct 01, 2019 | $0.100 | 0.150% |
4 | May 16, 2019 | Jun 06, 2019 | Jul 01, 2019 | $0.100 | 0.150% |
5 | Feb 27, 2019 | Mar 14, 2019 | Apr 01, 2019 | $0.100 | 0.176% |
FAQ
Click here for our free guide on how to buy Viad Corp Stock.