Willamette Valley Vineyards Inc Stock Forecast
Willamette Valley Vineyards Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
No changes to the price of Willamette Valley Vineyards Inc stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 1.59% from a day low at $4.08 to a day high of $4.15. The price has risen in 6 of the last 10 days but is still down by -0.49% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.05 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.03% during the next 3 months and, with a 90% probability hold a price between $3.93 and $4.17 at the end of this 3-month period.
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WVVIP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.493%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Willamette Valley Vineyards 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 $4.11 and $4.18. 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).
Support, Risk & Stop-loss for Willamette Valley Vineyards Inc stock
Willamette Valley Vineyards Inc finds support from accumulated volume at $4.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0650 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 0.319%.
Our recommended stop-loss: $3.83 (-6.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (WVVIP) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Willamette Valley Vineyards Inc to open at $4.10, and during the day (based on 14 day Average True Range), to move between $4.03 and $4.13, which gives a possible trading interval of +/-$0.0530 (+/-1.30%) up or down from last closing price. If Willamette Valley Vineyards Inc takes out the full calculated possible swing range there will be an estimated 2.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.06 (0.49%) than the resistance at $4.14 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Willamette Valley Vineyards Inc stock A Buy?
Willamette Valley Vineyards Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Willamette Valley Vineyards Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$4.10 ( 0.531%) | $4.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WVVIP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.17 | 2.12 % | |
R2 | 4.14 | 1.52 % | ||
R1 | 4.13 | 1.14 % | ||
Current price: | 4.08 | |||
Support | S1 | 4.08 | -0.0775 % | |
S2 | 4.06 | -0.454 % | ||
S3 | 4.04 | -1.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.35 | 6.62 % | |
R2 | 4.35 | 6.62 % | ||
R1 | 4.14 | 1.47 % | ||
Current price | 4.08 | |||
Support | S1 | 4.06 | -0.490% | |
S2 | 0 | . | ||
S3 | 0 | . |
WVVIP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 08, 2023 | Dec 06, 2023 | Dec 29, 2023 | $0.220 | 4.95% |
2 | Nov 07, 2022 | Dec 06, 2022 | Dec 30, 2022 | $0.220 | 3.89% |
3 | Nov 05, 2021 | Dec 06, 2021 | Dec 31, 2021 | $0.220 | 3.15% |
4 | Nov 04, 2020 | Dec 04, 2020 | Dec 31, 2020 | $0.220 | 4.10% |
5 | Nov 04, 2019 | Dec 05, 2019 | Dec 31, 2019 | $0.220 | 4.47% |
FAQ
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