Big movements in Vinco Ventures Inc stock price on Monday moving 12.87% between high and lowStockInvest.us, 2 weeks ago
The Vinco Ventures Inc stock price gained 10.44% on the last trading day (Monday, 27th Sep 2021), rising from $6.32 to $6.98. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 12.87% from a day low at $6.84 to a day high of $7.72. The price has fallen in 6 of the last 10 days and is down by -27.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 million more shares were traded than the day before. In total, 81 million shares were bought and sold for approximately $568.20 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 82.17% during the next 3 months and, with a 90% probability hold a price between $8.00 and $21.56 at the end of this 3-month period.
The Vinco Ventures 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 $6.85 and $5.94. A breakdown below any of these levels will issue sell signals. 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 -35.49%. 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 $6.77 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 $0.88 between high and low, or 12.87%. For the last week, the stock has had a daily average volatility of 15.36%.
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.