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Volatile ride for Vinco Ventures Inc stock price on Friday moving between $5.01 and $5.57

StockInvest.us, 3 months ago


The Vinco Ventures Inc stock price fell by -13.36% on the last day (Friday, 22nd Oct 2021) from $5.99 to $5.19. and has now fallen 5 days in a row. During the day the stock fluctuated 11.18% from a day low at $5.01 to a day high of $5.57. The price has been going up and down for this period, and there has been a 3.59% gain for the last 2 weeks. Volume has increased on the last day by 13 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 47 million shares were bought and sold for approximately $242.87 million.

Given the current short-term trend, the stock is expected to rise 58.02% during the next 3 months and, with a 90% probability hold a price between $8.20 and $20.80 at the end of this 3-month period.

Vinco Ventures Inc

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. The Vinco Ventures Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.18 and $7.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, September 09, 2021, and so far it has fallen -52.03%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Vinco Ventures Inc finds support from accumulated volume at $5.01 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 $0.56 between high and low, or 11.18%. For the last week, the stock has had a daily average volatility of 11.41%.

Vinco Ventures Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.

Check full Vinco Ventures Inc forecast and analysis here.