Ventas Inc. (NYSE: VTR) Ventas, Inc. engages in the acquisition and ownership of seniors housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Office Operations segment acquires, owns, develops, leases, and manages medical office buildings and life science, research, and innovation centers. The company was founded in 1983 and is headquartered in Chicago, IL.
Will VTR Stock Escape Barrier of $50?
VTR stock price surpassed the 100 day EMA and has witnessed buying interest in the past trading sessions. Moreover, the price action shows that, amid the mixed set of Q3 earnings results, stock initiated a bull move and is heading toward the round mark of $50.
At press time, VTR stock price is trading at $43.97 with an intraday gain of 2.78% showing bullishness on the charts. Moreover, the trading volume increased by 0.55% to 2.217 Million and the market cap is $51.491 Billion. However, analysts have maintained a buy rating with a yearly target price of $51.06 suggesting a growth outlook for the upcoming sessions.
The RSI curve stayed in the overbought zone and shows a bullish divergence indicates a bulls dominance on the charts. The MACD indicator shows a bullish crossover, suggesting a positive outlook.
VTR Stock Price Prediction 2023
On the daily charts, VTR stock is trading inside the falling channel and has revamped from the lower trendline near $39 in the last sessions. Furthermore, the bullish engulfing candlestick was formed near the bottom showing the reversal. Moreover, the chart shows that, VTR stock is heading to the 200 day EMA, which if surpassed, VTR stock will rise sharply toward $50.
If the buying action continues, VTR stock will probably reach the maximum of $60 by 2023. If the stock gets rejected from the 100 day EMA, it may reach the minimum of $35 again.
VTR Stock Price Prediction 2024
On the monthly chart, VTR stock has made a symmetrical triangle pattern and is trading below the 20 day EMA highlighting the profit booking in the past sessions. Moreover, the price action shows that stock is squeezing and also, the bollinger band suggests that a breakout is imminent.
Based on the ongoing trend and the price action, VTR stock has a potential to reach the maximum of $70 by 2024.
Conversely, if stock fails to surpass the 50 day EMA barrier, then stock will retest the downside of $35 in the coming months.
VTR Stock Price Prediction 2025
On the 6 months chart, VTR stock price has retested the 50 day EMA and took a pause. Buyers are holding the gains decisively and are trying to retain the higher zone.
As per the chart setup, VTR stock will probably reach the maximum of $100 followed by $120 by 2025. In case of a selloff, VTR stock will retest the lows of $25.
Summary
VTR stock price is trading at a make or break zone of $50, which if surpassed led to a sharp up move to $65. However, if the stock fails to hold the gains, it will go toward the lows of $30 in the next sessions. The price action did not indicate any major correction yet and is favouring the bulls.
Technical Levels
Support Levels: $40 and $35
Resistance Levels: $50 and $55
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/11/03/vtr-stock-price-prediction-2023-25-bullishness-on-the-horizon/