Willamette Valley Vineyards Inc Stock Forecast
Willamette Valley Vineyards Inc stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Willamette Valley Vineyards Inc stock price fell by -1.96% on the last day (Friday, 26th Apr 2024) from $4.08 to $4.00. During the last trading day the stock fluctuated 7.29% from a day low at $3.79 to a day high of $4.07. The price has risen in 5 of the last 10 days but is still down by -2.45% for this period. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $27.32 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($4.01) are considered to be a "second chance" to get out. According to the fan-theory $3.74 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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WVVIP Signals & Forecast
There are few to no technical positive signals at the moment. 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 $4.09 and $4.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -5.88%. 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). Willamette Valley Vineyards Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Willamette Valley Vineyards Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.276 between high and low, or 7.29%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WVVIP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Willamette Valley Vineyards Inc to open at $3.95, and during the day (based on 14 day Average True Range), to move between $3.93 and $4.07, which gives a possible trading interval of +/-$0.0700 (+/-1.75%) 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 3.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.14, some $0.140 (3.50%) from the current price of $4.00, our system finds the risk reward not very attractive.
Is Willamette Valley Vineyards Inc stock A Buy?
Willamette Valley Vineyards Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Strong Sell candidate.
Current score: -5.517 Strong Sell Candidate Downgraded
Predicted Opening Price for Willamette Valley Vineyards Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$3.95 ( 1.20%) | $4.00 |
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 | 4.23 | 5.71 % | |
R2 | 4.12 | 3.07 % | ||
R1 | 4.06 | 1.44 % | ||
Current price: | 4.00 | |||
Support | S1 | 3.85 | -3.84 % | |
S2 | 3.78 | -5.47 % | ||
S3 | 3.68 | -8.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.35 | 8.75 % | |
R2 | 4.35 | 8.75 % | ||
R1 | 4.14 | 3.50 % | ||
Current price | 4.00 | |||
Support | S1 | 0 | . | |
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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