Big movements in Vinco Ventures Inc stock price on Monday moving 15.90% between high and low

The Vinco Ventures Inc stock price gained 23.79% on the last trading day (Monday, 21st Mar 2022), rising from $2.48 to $3.07. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 15.90% from a day low at $2.83 to a day high of $3.28. The price has risen in 6 of the last 10 days and is up by 39.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 million more shares were traded than the day before. In total, 85 million shares were bought and sold for approximately $260.50 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -9.64% during the next 3 months and, with a 90% probability hold a price between $1.80 and $4.36 at the end of this 3-month period.

Mostly positive signals in the chart today. The Vinco Ventures Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.35 and $2.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 14, 2022, and so far it has risen 50.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Vinco Ventures Inc finds support from accumulated volume at $3.05 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 $0.45 between high and low, or 15.90%. For the last week, the stock has had a daily average volatility of 11.97%.

Since the Vinco Ventures Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.