Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of VRTV will rise by +0.14% over the next 2 Weeks and hit $170.22 by Wednesday, December 13, 2023. In that time frame, VRTV's share price is expected to range between $165.69 and $175.13.
BearishAverageBullishVRTV shares rose +0.02% in Wednesday, November 29, 2023's trading session, rising from a previous close of $169.96 to move at $169.99. The stock demonstrated notable intraday movement (see VRTV's key stats for a full breakdown), fluctuating between $169.98 and $170.02, a +0.02% trading range. While recent weeks have seen some volatility, VRTV has managed to secure a +0.14% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 529.12K shares changing hands, 315.87K more than the previous session. This amounted to $89.94M in total market activity.
Will VRTV Continue Its Upward Trend?
According to analyst ratings and projections for VRTV, Veritiv Corporation shares are anticipated to increase by +2.51%, potentially reaching $174.36 per share by December 13, 2023. Short-term technical indicators currently suggest a neutral sentiment for VRTV. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 21 positive trading days within the past 30 sessions. Based on the VRTV stock forecast, now is a good time to buy VRTV stock because its current trading price is -0.09% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on VRTV covering social and institutional perspectives.
VRTV Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into VRTV's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 72.54% to 80.63%) indicate the stock is in a strong bullish momentum phase. The 50-day RSI, at 64.83%, suggests strong medium-term momentum. However, the 100-day RSI, at 58.13%, maintains a neutral outlook for the long term. Insights into VRTV's shareholder base show how institutional investors are positioning themselves during these momentum shifts
Veritiv Corporation Monthly Forecast 2024
September 2024
According to our latest forecast models, Veritiv Corporation (VRTV) is positioned to show a strong performance in September 2024. The price is predicted to move between $200.55 and $225.03, settling at an average of $213.06. This could translate to a +25.34% gain.
October 2024
Based on current market signals, Veritiv Corporation is projected to trend october 2024. We forecast a trading range from $199.96 to $226.39, with a likely average price of $212.75. Investors could expect a potential return of +25.15%.
November 2024
Our predictive algorithms indicate Veritiv Corporation stock may see a shift in November 2024. The expected range spans $200.81–$234.48, with an average target of $215.12. This represents a positive outlook and a possible gain of +26.55%.
VRTV's history of dividends and stock splits also plays a role in long-term investor confidence.