Technical Analysis:
Valley National Bancorp (VLY) shows bearish signals in recent trading sessions. The stock closed at $9.535 on February 21, 2025, with a significant decline of -3.10% during regular market hours . Technical indicators reveal:
- RSI (14) at 40.31 indicates neutral but weakening momentum
- MACD shows bearish divergence with MACD (0.03) crossing below signal line (0.11)
- Stock trading below key moving averages: SMA 5 (9.88), SMA 10 (9.99), SMA 20 (10.12)
News Analysis:
Recent developments impacting VLY:
- Q4 2024 earnings showed Non-GAAP EPS of $0.13, missing expectations by $0.01
- Revenue increased 5.4% Y/Y to $474.18M, beating estimates by $6.21M
- J.P. Morgan recently upgraded the stock to Overweight, though market reaction has been mixed
Price Prediction (Next Week):
Based on Fibonacci levels and technical indicators:
- Resistance levels: $9.97 (pivot), $10.32 (R1), $10.54 (R2)
- Support levels: $9.63 (S1), $9.41 (S2)
Expected price range: $9.20-$9.80
Trading Recommendation:
SELL with the following rationale:
- Breaking below multiple moving averages indicates weakening momentum
- Poor earnings performance and market sentiment
- Technical indicators suggesting continued downward pressure
- Set stop loss at $9.97 (pivot point)
Target price: $9.20 (near S2 support level)
Technical Analysis:
Valley National Bancorp (VLY) shows bearish signals in recent trading sessions. The stock closed at $9.535 on February 21, 2025, with a significant decline of -3.10% during regular market hours . Technical indicators reveal:
- RSI (14) at 40.31 indicates neutral but weakening momentum
- MACD shows bearish divergence with MACD (0.03) crossing below signal line (0.11)
- Stock trading below key moving averages: SMA 5 (9.88), SMA 10 (9.99), SMA 20 (10.12)
News Analysis:
Recent developments impacting VLY:
- Q4 2024 earnings showed Non-GAAP EPS of $0.13, missing expectations by $0.01
- Revenue increased 5.4% Y/Y to $474.18M, beating estimates by $6.21M
- J.P. Morgan recently upgraded the stock to Overweight, though market reaction has been mixed
Price Prediction (Next Week):
Based on Fibonacci levels and technical indicators:
- Resistance levels: $9.97 (pivot), $10.32 (R1), $10.54 (R2)
- Support levels: $9.63 (S1), $9.41 (S2)
Expected price range: $9.20-$9.80
Trading Recommendation:
SELL with the following rationale:
- Breaking below multiple moving averages indicates weakening momentum
- Poor earnings performance and market sentiment
- Technical indicators suggesting continued downward pressure
- Set stop loss at $9.97 (pivot point)
Target price: $9.20 (near S2 support level)