14-day Premium Trial Subscription Sign Up For FreeGet Free

Volatile ride for Vinco Ventures Inc stock price on Thursday moving between $6.42 and $8.48

StockInvest.us, 1 month ago


The Vinco Ventures Inc stock price gained 22.76% on the last trading day (Thursday, 14th Oct 2021), rising from $6.81 to $8.36. , and has now gained 5 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 32.09% from a day low at $6.42 to a day high of $8.48. The price has been going up and down for this period, and there has been a 30.42% gain for the last 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, 104 million shares were bought and sold for approximately $871.45 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 66.06% during the next 3 months and, with a 90% probability hold a price between $8.79 and $21.27 at the end of this 3-month period.

Vinco Ventures Inc

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 $6.04 and $7.15. A breakdown below any of these levels will issue sell signals. 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. 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 -22.74%. Further fall is indicated until a new bottom pivot has been found.

Vinco Ventures Inc finds support from accumulated volume at $8.15 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 $2.06 between high and low, or 32.09%. For the last week, the stock has had a daily average volatility of 18.28%.

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 Hold/Accumulate to a Buy candidate.

Check full Vinco Ventures Inc forecast and analysis here.