Vinco Stock Forecast

On Tuesday, Vinco stock price gained an impressive 233.33%
(Updated on Jul 02, 2024)

BBIG Signals & Forecast

Vinco has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vinco 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 $0.0013 and $0.0030. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -96.67%. 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).

Support, Risk & Stop-loss for Vinco stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 530.00%.

Vinco is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $0.0009 (-6.52%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 94 days ago.)

Trading Expectations (BBIG) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Vinco Ventures Inc to open at $0.0010, and during the day (based on 14 day Average True Range), to move between -$0.0076 and $0.0096, which gives a possible trading interval of +/-$0.0086 (+/-857.01%) up or down from last closing price. If Vinco Ventures Inc takes out the full calculated possible swing range there will be an estimated 1 714.02% move between the lowest and the highest trading price during the day.

Is Vinco Ventures Inc stock A Buy?

Vinco 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 Strong Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Vinco Ventures Inc of Wednesday, July 3, 2024

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