Valvoline Inc Stock Forecast

Evaluation of Valvoline Inc stock downgraded after the last trading session.
(Updated on Apr 19, 2024)

VVV Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Valvoline Inc 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 $41.65 and $43.35. 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 21, 2024, and so far it has fallen -8.45%. 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).

Support, Risk & Stop-loss for Valvoline Inc stock

Valvoline Inc finds support from accumulated volume at $40.40 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 $0.615 between high and low, or 1.50%. For the last week, the stock has had daily average volatility of 1.86%.

Valvoline Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VVV) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Valvoline Inc to open at $41.18, and during the day (based on 14 day Average True Range), to move between $40.38 and $42.00, which gives a possible trading interval of +/-$0.81 (+/-1.97%) up or down from last closing price. If Valvoline Inc takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $40.40 (1.92%) than the resistance at $43.20 (4.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Valvoline Inc stock A Buy?

The Valvoline Inc stock holds several negative signals and despite the positive trend, we believe Valvoline Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.220 Sell Candidate Downgraded

Predicted Opening Price for Valvoline Inc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.