What’s Ahead for Venator Materials PLC (VNTR) After Forming Wedge Down Pattern?

July 13, 2018 - By Russell Jones

The stock of Venator Materials PLC (VNTR) formed a down wedge with $15.61 target or 7.00 % below today’s $16.79 share price. The 5 months wedge indicates high risk for the $1.79 billion company. If the $15.61 price target is reached, the company will be worth $125.02M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.66% or $0.11 during the last trading session, reaching $16.79. About 166,236 shares traded. Venator Materials PLC (NYSE:VNTR) has 0.00% since July 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Venator Materials PLC (NYSE:VNTR) to report earnings on August, 7. VNTR’s profit will be $90.42 million for 4.94 P/E if the $0.85 EPS becomes a reality. After $0.85 actual earnings per share reported by Venator Materials PLC for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Venator Materials PLC manufactures and markets chemical products worldwide. The company has market cap of $1.79 billion. It operates through two divisions, Titanium Dioxide and Performance Additives. It has a 13.38 P/E ratio. The Titanium Dioxide segment offers titanium dioxide , such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

Venator Materials PLC (NYSE:VNTR) Ratings Chart

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