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% PDF
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|
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