Big movements in Vinco Ventures Inc stock price on Friday moving 12.23% between high and low
(Updated on May 27, 2022)
Sell candidate since 2022-05-26 Gain 3.38% PDF
The Vinco Ventures Inc stock price gained 3.38% on the last trading day (Friday, 27th May 2022), rising from $2.37 to $2.45. During the day the stock fluctuated 12.23% from a day low at $2.29 to a day high of $2.57. The price has risen in 6 of the last 10 days, but is still down by -5.77% for this period. Volume fell on the last day by -528 thousand shares and in total, 22 million shares were bought and sold for approximately $53.40 million. 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 lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.37% during the next 3 months and, with a 90% probability hold a price between $2.41 and $3.80 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 26, 2022, and so far it has risen 3.38%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.74 and $2.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.28 between high and low, or 12.23%. For the last week, the stock has had a daily average volatility of 8.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 31st
For the upcoming trading day on Tuesday 31st we expect Vinco Ventures Inc to open at $2.44, and during day (based on 14 day Average True Range), to move between $2.14 and $2.76, which gives a possible trading interval of +/-$0.31 (+/-12.50%) up or down from last closing price. If Vinco Ventures Inc takes out the full calculated possible swing range there will be an estimated 25.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.48 (1.22%) than the support at $2.36 (3.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.
Is Vinco Ventures Inc stock A Buy?
The Vinco Ventures Inc stock holds several negative signals and despite the positive trend, we believe Vinco Ventures Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.029Sell Candidate Unchanged
Predicted Opening Price for Vinco Ventures Inc of Tuesday, May 31, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price May 31, 2022||Current price|
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