Viad Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Viad Corp
(Updated on May 08, 2024)
The Viad Corp stock price fell by -0.665% on the last day (Wednesday, 8th May 2024) from $34.60 to $34.37. During the last trading day the stock fluctuated 1.93% from a day low at $34.00 to a day high of $34.66. The price has fallen in 6 of the last 10 days and is down by -3.07% 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 -55 thousand shares and in total, 62 thousand shares were bought and sold for approximately $2.14 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 $33.26 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 2.15% during the next 3 months and, with a 90% probability hold a price between $33.97 and $40.73 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 Monday, May 06, 2024, and so far it has risen 3.43%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Viad Corp 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 $36.08. On a fall, the stock will find some support from the short-term average at $34.35. 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. 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 $34.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.655 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: $32.75 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VVI) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Viad Corp to open at $34.34, and during the day (based on 14 day Average True Range), to move between $33.11 and $35.63, which gives a possible trading interval of +/-$1.26 (+/-3.67%) up or down from last closing price. If Viad Corp takes out the full calculated possible swing range there will be an estimated 7.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.20 (0.49%) than the resistance at $35.69 (3.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -0.116 Hold/Accumulate Unchanged
Predicted Opening Price for Viad Corp of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
$34.34 ( 0.0824%) | $34.37 |
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 | 35.00 | 1.82 % | |
R2 | 34.75 | 1.10 % | ||
R1 | 34.59 | 0.646 % | ||
Current price: | 34.37 | |||
Support | S1 | 34.09 | -0.81 % | |
S2 | 33.94 | -1.26 % | ||
S3 | 33.69 | -1.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.56 | 9.28 % | |
R2 | 36.70 | 6.78 % | ||
R1 | 35.69 | 3.84 % | ||
Current price | 34.37 | |||
Support | S1 | 34.20 | -0.495% | |
S2 | 33.09 | -3.72% | ||
S3 | 32.50 | -5.44% |
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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