Viad Corp Stock Forecast
Viad Corp stock price down 2.37% on Thursday
(Updated on Apr 25, 2024)
The Viad Corp stock price fell by -2.37% on the last day (Thursday, 25th Apr 2024) from $35.46 to $34.62. During the last trading day the stock fluctuated 2.34% from a day low at $34.15 to a day high of $34.95. The price has fallen in 7 of the last 10 days and is down by -5.38% for this period. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 78 thousand shares were bought and sold for approximately $2.70 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.18 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.27% during the next 3 months and, with a 90% probability hold a price between $37.35 and $44.30 at the end of this 3-month period.
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VVI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.12%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Viad Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $34.86 and $36.49. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 $0.80 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VVI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Viad Corp to open at $34.57, and during the day (based on 14 day Average True Range), to move between $33.44 and $35.80, which gives a possible trading interval of +/-$1.18 (+/-3.40%) up or down from last closing price. If Viad Corp takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.28 (1.91%) than the support at $33.72 (2.60%), 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.
Earnings coming up
Viad Corp will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.98. We will update the financials statements for Viad Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.81% in the first trading day after earnings release.
Is Viad Corp stock A Buy?
The Viad Corp stock holds several negative signals and despite the positive trend, we believe Viad Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.335 Sell Candidate Unchanged
Predicted Opening Price for Viad Corp of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$34.57 ( 0.135%) | $34.62 |
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 | 35.37 | 2.18 % | |
R2 | 35.07 | 1.29 % | ||
R1 | 34.88 | 0.748 % | ||
Current price: | 34.62 | |||
Support | S1 | 34.27 | -1.02 % | |
S2 | 34.08 | -1.56 % | ||
S3 | 33.77 | -2.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.56 | 8.49 % | |
R2 | 36.70 | 6.01 % | ||
R1 | 35.28 | 1.91 % | ||
Current price | 34.62 | |||
Support | S1 | 33.72 | -2.60% | |
S2 | 33.09 | -4.42% | ||
S3 | 32.50 | -6.12% |
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
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