Vinco Stock Forecast
High volatility in Vinco stock price on Monday which ended trading at $0.0021
(Updated on Apr 15, 2024)
The Vinco stock price fell by -89.50% on the last day (Monday, 15th Apr 2024) from $0.0200 to $0.0021. During the last trading day the stock fluctuated 400.00% from a day low at $0.0020 to a day high of $0.0100. The price has risen in 5 of the last 10 days and is up by 40% over the past 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 -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately $5.09 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at -$0.0028 is broken, it will firstly indicate a stronger fall rate. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
BBIG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vinco stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0139 and $0.0069. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -94.00%. Further fall is indicated until a new bottom pivot has been found. 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 Vinco stock
Vinco finds support from accumulated volume at $0.0020 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0080 between high and low, or 400.00%. For the last week the stock has had daily average volatility of 1,145.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBIG) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Vinco Ventures Inc to open at $0.0047, and during the day (based on 14 day Average True Range), to move between -$0.0144 and $0.0186, which gives a possible trading interval of +/-$0.0165 (+/-784.70%) up or down from last closing price. If Vinco Ventures Inc takes out the full calculated possible swing range there will be an estimated 1 569.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0020, some $0.0001 (4.76%) from the current price of $0.0021, our system finds the risk reward attractive.
Is Vinco Ventures Inc stock A Buy?
Vinco holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -8.212 Strong Sell Candidate Downgraded
Predicted Opening Price for Vinco Ventures Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $0.0047 ( 123.81%) | $0.0021 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0127 | 504.76 % | |
| R2 | 0.0096 | 359.24 % | ||
| R1 | 0.0078 | 269.33 % | ||
| Current price: | 0.0021 | |||
| Support | S1 | 0.0016 | -21.71 % | |
| S2 | -0.0002 | -111.62 % | ||
| S3 | -0.0033 | -257.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0021 | |||
| Support | S1 | 0.0020 | -4.76% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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