Vuzix Corporation Stock Forecast
Vuzix Corporation stock price up 3.47% on Wednesday
(Updated on Jul 03, 2024)
The Vuzix Corporation stock price gained 3.47% on the last trading day (Wednesday, 3rd Jul 2024), rising from $1.18 to $1.22. During the last trading day the stock fluctuated 4.08% from a day low at $1.19 to a day high of $1.24. The price has risen in 5 of the last 10 days but is still down by -9.96% for this period. Volume fell on the last day by -7 thousand shares and in total, 3 thousand shares were bought and sold for approximately $3.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.18 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vuzix Corporation stock with a 90% probability to be traded between $1.19 and $1.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0LRL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 3.47%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vuzix Corporation 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 $1.33 and $1.43. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vuzix Corporation stock
Vuzix Corporation finds support from accumulated volume at $1.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0486 between high and low, or 4.08%. For the last week the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0LRL.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Vuzix Corporation to open at $1.22, and during the day (based on 14 day Average True Range), to move between $1.15 and $1.29, which gives a possible trading interval of +/-$0.0741 (+/-6.08%) up or down from last closing price. If Vuzix Corporation takes out the full calculated possible swing range there will be an estimated 12.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.21 (0.82%) than the resistance at $1.33 (9.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vuzix Corporation stock A Buy?
Vuzix Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.268 Sell Candidate Unchanged
Predicted Opening Price for Vuzix Corporation of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $1.22 ( 0.311%) | $1.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0LRL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.26 | 3.67% |
| R2 | 1.25 | 2.15% |
| R1 | 1.23 | 1.21% |
| Price | 1.22 | |
| S1 | 1.20 | -1.83% |
| S2 | 1.19 | -2.77% |
| S3 | 1.17 | -4.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.49 | 22.13% |
| R2 | 1.47 | 20.49% |
| R1 | 1.33 | 9.02% |
| Price | 1.22 | |
| S1 | 1.21 | -0.82% |
| S2 | 1.18 | -3.35% |
| S3 | 0 | - |
0LRL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | $0.285 | 4.96% |
FAQ
Click here for our free guide on how to buy Vuzix Corporation Stock.
