Royal Vopak NV Stock Forecast
Royal Vopak NV stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Royal Vopak NV stock price fell by -0.782% on the last day (Wednesday, 24th Apr 2024) from 38.36€ to 38.06€. During the last trading day the stock fluctuated 5.80% from a day low at 37.22€ to a day high of 39.38€. The price has risen in 6 of the last 10 days and is up by 2.15% over the past 2 weeks. Volume has increased on the last day by 154 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, 357 thousand shares were bought and sold for approximately 13.59€ million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.41% during the next 3 months and, with a 90% probability hold a price between 47.87€ and 50.60€ at the end of this 3-month period.
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VPK.AS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.782%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Royal Vopak NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 37.45€ and 35.56€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Royal Vopak NV stock
On the downside, the stock finds support just below today's level from accumulated volume at 33.33€ and 32.39€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Royal Vopak NV finds support just below today's level at 33.33€. If this is broken, then the next support from accumulated volume will be at 32.39€ and 28.95€.
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 2.16€ (5.80%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: 36.90€ (-3.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VPK.AS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Royal Vopak NV to open at 38.22€, and during the day (based on 14 day Average True Range), to move between 37.35€ and 38.77€, which gives a possible trading interval of +/-0.707€ (+/-1.86%) up or down from last closing price. If Royal Vopak NV takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 38.28€ (0.58%) than the support at 33.33€ (12.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Royal Vopak NV stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Royal Vopak NV stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.111 Buy Candidate Upgraded
Predicted Opening Price for Royal Vopak NV of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 38.22€ ( 0.420%) | 38.06€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VPK.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.38 | 6.10 % | |
| R2 | 39.55 | 3.93 % | ||
| R1 | 39.05 | 2.59 % | ||
| Current price: | 38.06 | |||
| Support | S1 | 37.39 | -1.75 % | |
| S2 | 36.89 | -3.09 % | ||
| S3 | 36.06 | -5.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 38.36 | 0.788 % | ||
| R1 | 38.28 | 0.578 % | ||
| Current price | 38.06 | |||
| Support | S1 | 33.33 | -12.43% | |
| S2 | 32.39 | -14.90% | ||
| S3 | 28.95 | -23.94% |
VPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | 1.50€ | 3.94% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 1.30€ | 3.76% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | 1.25€ | 4.50% |
| 4 | Apr 23, 2021 | Apr 23, 2021 | Apr 23, 2021 | 1.20€ | 3.17% |
| 5 | Feb 12, 2020 | Apr 23, 2020 | Apr 29, 2020 | 1.15€ | 2.17% |
FAQ
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