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Vinco Ventures Inc Stock Forecast NASDAQ:BBIG

$8.32 (2.09%)

Volume: 102M

Closed: September 16, 2021

Score: 2.653

Vinco Ventures Inc Stock Forecast

$8.32 (2.09%)

Volume: 102M

Closed: September 16, 2021

Score 2.653
Which way will BBIG go? Request
Thu, Sep 16, 2021 Buy Candidate Upgraded
Stop-loss: $7.85 (-5.62%)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 69 and the stock is currently not being overbought or oversold

Volatile ride for Vinco Ventures Inc stock price on Thursday moving between $7.60 and $9.40
(Updated on September 16, 2021)


Buy or Hold candidate since 2021-09-02 Gain 4.13%

The Vinco Ventures Inc stock price gained 2.09% on the last trading day (Thursday, 16th Sep 2021), rising from $8.15 to $8.32. , 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 23.68% from a day low at $7.60 to a day high of $9.40. The price has been going up and down for this period, and there has been a -11.68% loss 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, 53 million more shares were traded than the day before. In total, 102 million shares were bought and sold for approximately $849.11 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 60.57% during the next 3 months and, with a 90% probability hold a price between $5.55 and $17.91 at the end of this 3-month period.

Signals & Forecast

The Vinco Ventures Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $9.34. On a fall, the stock will find some support from the long-term average at approximately $5.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months 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 -23.11%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

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 $1.80 between high and low, or 23.68%. For the last week, the stock has had a daily average volatility of 16.45%.

Our recommended stop-loss: $7.85 (-5.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)

Is Vinco Ventures Inc stock A Buy?

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.

Current score: 2.653

Predicted Opening Price for Vinco Ventures Inc of Friday, September 17, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price September 17, 2021 Current price
$8.44 $8.32 (Undervalued)
Buy Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 16.45 %
Overall Risk: Very High High Medium Low Very Low
Volatility
16.45 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.42
Price: $8.32
Support: $8.15

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.24 23.08 %
9.55 14.81 %
9.13 9.71 %
Current price: 8.32
Support 7.75 -6.82 %
7.33 -11.93 %
6.64 -20.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.22 22.84 %
9.66 16.11 %
9.42 13.22 %
Current price 8.32
Support 8.15 -2.04%
7.98 -4.09%
7.06 -15.14%

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