Volatile ride for Vinco Ventures Inc stock price on Thursday moving between $5.66 and $6.68StockInvest.us, 3 weeks ago
The Vinco Ventures Inc stock price gained 6.83% on the last trading day (Thursday, 30th Sep 2021), rising from $6.00 to $6.41. During the day the stock fluctuated 18.02% from a day low at $5.66 to a day high of $6.68. The price has fallen in 7 of the last 10 days and is down by -22.96% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 million more shares were traded than the day before. In total, 33 million shares were bought and sold for approximately $211.70 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 82.11% during the next 3 months and, with a 90% probability hold a price between $8.57 and $22.07 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 $6.39 and $6.21. 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 -40.76%. 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 $6.32 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 $1.02 between high and low, or 18.02%. For the last week, the stock has had a daily average volatility of 13.90%.
Vinco Ventures Inc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.Check full Vinco Ventures Inc forecast and analysis here.