Viad Corp Stock Forecast
Red day on Monday for Viad Corp
(Updated on Apr 15, 2024)
The Viad Corp stock price fell by -2.45% on the last day (Monday, 15th Apr 2024) from $36.32 to $35.43. During the last trading day the stock fluctuated 3.77% from a day low at $35.25 to a day high of $36.58. The price has fallen in 6 of the last 10 days and is down by -4.76% 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 -29 thousand shares and in total, 37 thousand shares were bought and sold for approximately $1.30 million.
Given the current short-term trend, the stock is expected to rise 14.39% during the next 3 months and, with a 90% probability hold a price between $40.53 and $46.21 at the end of this 3-month period.
VVI Signals & Forecast
There are few to no technical positive signals at the moment. The Viad Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.96 and $36.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.28%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.33 between high and low, or 3.77%. For the last week the stock has had daily average volatility of 2.91%.
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 Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Viad Corp to open at $35.75, and during the day (based on 14 day Average True Range), to move between $34.18 and $36.68, which gives a possible trading interval of +/-$1.25 (+/-3.54%) up or down from last closing price. If Viad Corp takes out the full calculated possible swing range there will be an estimated 7.07% 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 (0.48%) than the support at $33.72 (4.83%), 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?
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: -2.968 Sell Candidate Unchanged
Predicted Opening Price for Viad Corp of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $35.75 ( 0.91%) | $35.43 |
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 | 37.08 | 4.67 % | |
| R2 | 36.58 | 3.23 % | ||
| R1 | 36.26 | 2.35 % | ||
| Current price: | 35.43 | |||
| Support | S1 | 35.25 | -0.521 % | |
| S2 | 34.93 | -1.41 % | ||
| S3 | 34.42 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.56 | 6.01 % | |
| R2 | 36.70 | 3.58 % | ||
| R1 | 35.60 | 0.480 % | ||
| Current price | 35.43 | |||
| Support | S1 | 33.72 | -4.83% | |
| S2 | 33.09 | -6.60% | ||
| S3 | 32.50 | -8.27% |
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.
