Vince Holding Corp Stock Forecast
Red day on Wednesday for Vince Holding Corp stock after losing 0.678%
(Updated on Apr 17, 2024)
The Vince Holding Corp stock price fell by -0.678% on the last day (Wednesday, 17th Apr 2024) from $2.95 to $2.93. During the last trading day the stock fluctuated 1.73% from a day low at $2.90 to a day high of $2.95. The price has been going up and down for this period, and there has been a -2.33% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -352 shares and in total, 4 thousand shares were bought and sold for approximately $12.84 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.93% during the next 3 months and, with a 90% probability hold a price between $2.74 and $3.39 at the end of this 3-month period.
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VNCE Signals & Forecast
There are few to no technical positive signals at the moment. The Vince Holding Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.95 and $3.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -17.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vince Holding Corp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0501 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 2.54%.
Vince Holding Corp is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VNCE) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Vince Holding Corp to open at $2.93, and during the day (based on 14 day Average True Range), to move between $2.81 and $3.05, which gives a possible trading interval of +/-$0.120 (+/-4.08%) up or down from last closing price. If Vince Holding Corp takes out the full calculated possible swing range there will be an estimated 8.16% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.95, some $0.0200 (0.68%) from the current price of $2.93, our system finds the risk reward not very attractive.
Earnings coming up
Vince Holding Corp will release earnings BMO on Monday, April 22, 2024. We will update the financials statements for Vince Holding Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.59% in the first trading day after earnings release.
Is Vince Holding Corp stock A Buy?
Vince Holding Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.357 Sell Candidate Unchanged
Predicted Opening Price for Vince Holding Corp of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $2.93 ( 0.113%) | $2.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNCE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.98 | 1.60 % | |
| R2 | 2.96 | 0.94 % | ||
| R1 | 2.95 | 0.541 % | ||
| Current price: | 2.93 | |||
| Support | S1 | 2.91 | -0.766 % | |
| S2 | 2.90 | -1.17 % | ||
| S3 | 2.88 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.38 | 15.36 % | |
| R2 | 3.02 | 3.07 % | ||
| R1 | 2.95 | 0.683 % | ||
| Current price | 2.93 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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