VVV Stock Valvoline (VVV, $42.91) price may drop as it broke higher Bollinger Band on Nov 06, 2024
at Tickeron.com
VVV in downward trend: price may drop because broke its higher Bollinger Band on November 06, 2024
VVV broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 46 similar instances where the stock broke above the upper band. In of the 46 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where VVV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VVV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on VVV as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for VVV just turned positive on November 06, 2024. Looking at past instances where VVV's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
VVV moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for VVV crossed bullishly above the 50-day moving average on October 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VVV advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 247 cases where VVV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
