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Big movements in Vinco Ventures Inc stock price on Friday moving 17.58% between high and low

StockInvest.us, 3 months ago


The Vinco Ventures Inc stock price gained 1.28% on the last trading day (Friday, 24th Sep 2021), rising from $6.24 to $6.32. During the day the stock fluctuated 17.58% from a day low at $5.63 to a day high of $6.62. The price has fallen in 7 of the last 10 days and is down by -38.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 million more shares were traded than the day before. In total, 44 million shares were bought and sold for approximately $275.01 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 79.8% during the next 3 months and, with a 90% probability hold a price between $7.65 and $21.09 at the end of this 3-month period.

Vinco Ventures Inc

The Vinco Ventures Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $7.04. On a fall, the stock will find some support from the long-term average at approximately $5.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, September 09, 2021, and so far it has fallen -41.59%. 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).

Vinco Ventures Inc finds support from accumulated volume at $6.24 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.99 between high and low, or 17.58%. For the last week, the stock has had a daily average volatility of 15.46%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vinco Ventures Inc stock to perform well in the short-term.

Check full Vinco Ventures Inc forecast and analysis here.