RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VRM
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Vroom, Inc. stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Vroom, Inc. stock price gained 1.97% on the last trading day (Thursday, 28th Mar 2024), rising from $13.17 to $13.43. During the last trading day the stock fluctuated 5.86% from a day low at $13.13 to a day high of $13.90. The price has fallen in 6 of the last 10 days and is down by -10.53% for this period. Volume fell on the last day by -6 thousand shares and in total, 50 thousand shares were bought and sold for approximately $669.70 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $11.37, a level that may pose a second chance to hit a runner. According to fan-theory $28.28 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

VRM Signals & Forecast

The Vroom, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.90 and $12.66. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -23.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Vroom, Inc. stock

Vroom, Inc. finds support from accumulated volume at $13.00 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 $0.770 between high and low, or 5.86%. For the last week the stock has had daily average volatility of 9.76%.

Our recommended stop-loss: $12.70 (-5.46%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (VRM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Vroom, Inc. to open at $13.49, and during the day (based on 14 day Average True Range), to move between $11.20 and $15.66, which gives a possible trading interval of +/-$2.23 (+/-16.57%) up or down from last closing price. If Vroom, Inc. takes out the full calculated possible swing range there will be an estimated 33.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.58 (1.12%) than the support at $13.00 (3.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Vroom, Inc. stock A Buy?

Vroom, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.697 Hold/Accumulate Upgraded

Predicted Opening Price for Vroom, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$13.49 ( 0.422%) $13.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VRM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.26 6.16 %
R2 13.96 3.97 %
R1 13.78 2.61 %
Current price: 13.43
Support S1 13.19 -1.77 %
S2 13.01 -3.12 %
S3 12.72 -5.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.01 11.76 %
R2 13.72 2.16 %
R1 13.58 1.12 %
Current price 13.43
Support S1 13.00 -3.20%
S2 12.78 -4.84%
S3 11.30 -15.86%

FAQ

What is the symbol for Vroom, Inc. Stock and on which exchange is it traded?
The symbol for Vroom, Inc. is VRM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Vroom, Inc. Stock?
Vroom, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Vroom, Inc. Stock?
Vroom, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Vroom, Inc. Stock.

What's the current price of Vroom, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Vroom, Inc. (VRM) share was $13.43.

What is the 52-week high and low for Vroom, Inc. Stock?
The 52-week high for Vroom, Inc. Stock is $225.60 and the 52-week low is $8.11.

What is the market capitalization of Vroom, Inc. Stock?
As of the 2024-03-28, the market capitalization of Vroom, Inc. is 24.104M.

When is the next earnings date for Vroom, Inc.?
The upcoming earnings date for Vroom, Inc. is May 14, 2024.
Click to get the best stock tips daily for free!

About Vroom, Inc.

Vroom. Vroom, Inc. operates as an e-commerce used automotive retailer in the United States. It operates end-to-end ecommerce platform for buying, selling, transporting, reconditioning, pricing, financing, registering, and delivering vehicles. The company was formerly known as Auto America, Inc. and changed its name to Vroom, Inc. in July 2015. The company was incorporated in 2012 and is headquartered in New York, New York.... VRM Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT