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Big movements in Vinco Ventures Inc stock price on Tuesday moving 25.33% between high and low

StockInvest.us, 1 month ago

StockInvest.us

The Vinco Ventures Inc stock price gained 19.89% on the last trading day (Tuesday, 12th Oct 2021), rising from $5.33 to $6.39. , 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 25.33% from a day low at $5.33 to a day high of $6.68. The price has fallen in 6 of the last 10 days, but is still up by 3.06% 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, 46 million more shares were traded than the day before. In total, 69 million shares were bought and sold for approximately $438.14 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.05 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 64.56% during the next 3 months and, with a 90% probability hold a price between $8.31 and $20.73 at the end of this 3-month period.

Vinco Ventures Inc

There are mixed signals in the stock today. The Vinco Ventures Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $6.89. On a fall, the stock will find some support from the short-term average at $5.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, September 09, 2021, and so far it has fallen -40.94%. 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). 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 $6.32 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 $1.35 between high and low, or 25.33%. For the last week, the stock has had a daily average volatility of 14.01%.

Vinco Ventures Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Check full Vinco Ventures Inc forecast and analysis here.