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Vinco Ventures Inc Stock Forecast NASDAQ:BBIG

$2.96 (16.54%)

Volume: 41M

Closed: Dec 07, 2021

Hollow Logo Score: -3.254

Vinco Ventures Inc Stock Forecast

$2.96 (16.54%)

Volume: 41M

Closed: Dec 07, 2021

Score Hollow Logo -3.254
Which way will BBIG go? Request

BBIG Stock Risk

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 $0.65 between high and low, or 24.71%. For the last week, the stock has had a daily average volatility of 16.05%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* 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 29 and the stock is currently not being overbought or oversold

Big movements in Vinco Ventures Inc stock price on Tuesday moving 24.71% between high and low
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-05 Loss -35.93%

The Vinco Ventures Inc stock price gained 16.54% on the last trading day (Tuesday, 7th Dec 2021), rising from $2.54 to $2.96. During the day the stock fluctuated 24.71% from a day low at $2.63 to a day high of $3.28. The price has fallen in 6 of the last 10 days and is down by -24.3% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 41 million shares were bought and sold for approximately $120.07 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -54.96% during the next 3 months and, with a 90% probability hold a price between $0.43 and $2.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 16.54%. Further rise is indicated until a new top pivot has been found. 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. The Vinco Ventures Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $4.30. On a fall, the stock will find some support from the short-term average at $2.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Vinco Ventures Inc finds support from accumulated volume at $2.84 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 $0.65 between high and low, or 24.71%. For the last week, the stock has had a daily average volatility of 16.05%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Vinco Ventures Inc stock A Buy?

Vinco Ventures Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.254

Predicted Opening Price for Vinco Ventures Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$2.96 $2.96 (Overvalued)
Sell Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 16.05 %
Overall Risk: Very High High Medium Low Very Low
Volatility
16.05 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.04
Price: $2.96
Support: $2.84

BBIG Insider Trading Show all Trades

INSIDER POWER

Last 42 transactions
Buy: 1 544 315 | Sell: 0 (Shares)
Date Action Amount Person Type
Oct 19, 2021 Buy 200 000 Mcfillin Phillip Anthony Common Stock
Aug 24, 2021 Buy 100 000 Mcfillin Phillip Anthony Common Stock
Feb 10, 2021 Buy 150 000 Vroman Brett Earl James Common Stock
Feb 10, 2021 Buy 150 000 Ferguson Christopher Common Stock
Sep 08, 2020 Buy 2 000 O'donnell Kevin J Common Stock
Show all Insider Trades
INSIDER POWER

Last 42 transactions
Buy: 1 544 315 | Sell: 0 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.61 21.85 %
3.36 13.46 %
3.20 8.28 %
Current price: 2.96
Support 2.71 -8.50 %
2.55 -13.68 %
2.31 -22.07 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.34 12.84 %
3.13 5.74 %
3.04 2.70 %
Current price 2.96
Support 2.84 -4.05%
2.66 -10.14%
2.63 -11.15%

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