Valvoline Inc Forecast and Stock Analysis
Technical VVV stock analysis for February 15, 2019.
|Shorts||9.09% ( 2019-01-31 )|
Valvoline Inc gained 0.85% in the last trading day, rising from $18.93 to $19.09 The price has risen in 6 of the last 10 days , but is still down by -15.04% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.83 million more shares were traded than the day before. In total, 2.83 million shares bought and sold for approximately $54.01 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the VVV stock was $19.09. This is 0.85% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.39% from a day low at $19.07 to a day high of $19.34.
30 day high of the VVV stock price was $23.16 and low was $17.57.
90 day high was $23.16 and low was $17.57.
52 week high for the Valvoline Inc - $24.18 and low - $17.49.
Valvoline Inc lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $18.17 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.33% during the next 3 months and, with 90% probability hold a price between $18.78 and $23.83 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Valvoline Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $20.66. On a fall, the stock will find some support from the short-term average at $18.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Valvoline Inc finds support from accumulated volume at $18.86.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.27 between high and low, or 1.39%. For the last week, the stock has had a daily average volatility of 1.99%.
Valvoline Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Valvoline 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.