Willamette Valley Vineyards Inc Stock Forecast
Stronger technical forecast for Willamette Valley Vineyards Inc stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Willamette Valley Vineyards Inc stock price gained 0.218% on the last trading day (Thursday, 18th Apr 2024), rising from $4.13 to $4.14. During the last trading day the stock fluctuated 1.03% from a day low at $4.14 to a day high of $4.18. The price has risen in 6 of the last 10 days and is up by 0.67% over the past 2 weeks. Volume fell on the last day by -628 shares and in total, 702 shares were bought and sold for approximately $2.90 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.07% during the next 3 months and, with a 90% probability hold a price between $3.96 and $4.18 at the end of this 3-month period.
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WVVIP Signals & Forecast
There are mixed signals in the stock today. The Willamette Valley Vineyards Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.21. On a fall, the stock will find some support from the short-term average at $4.12. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 0.91%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Willamette Valley Vineyards Inc stock
Willamette Valley Vineyards Inc finds support from accumulated volume at $4.13 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0425 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 0.713%
Our recommended stop-loss: $3.91 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (WVVIP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Willamette Valley Vineyards Inc to open at $4.15, and during the day (based on 14 day Average True Range), to move between $4.08 and $4.19, which gives a possible trading interval of +/-$0.0547 (+/-1.32%) 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 2.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.14 (0.06%) than the support at $4.13 (0.18%), 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 Willamette Valley Vineyards Inc stock A Buy?
Willamette Valley Vineyards Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.615 Hold/Accumulate Upgraded
Predicted Opening Price for Willamette Valley Vineyards Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $4.15 ( 0.342%) | $4.14 |
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 | 4.19 | 1.37 % | |
| R2 | 4.18 | 0.98 % | ||
| R1 | 4.17 | 0.735 % | ||
| Current price: | 4.14 | |||
| Support | S1 | 4.14 | -0.0500 % | |
| S2 | 4.13 | -0.292 % | ||
| S3 | 4.11 | -0.685 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.35 | 5.14 % | |
| R2 | 4.34 | 4.89 % | ||
| R1 | 4.14 | 0.0604 % | ||
| Current price | 4.14 | |||
| Support | S1 | 4.13 | -0.181% | |
| S2 | 4.13 | -0.218% | ||
| S3 | 4.11 | -0.665% |
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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