Vinco Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Vinco stock price on Friday moving between $0.0025 and $0.0110
(Updated on May 03, 2024)
The Vinco stock price gained 354.55% on the last trading day (Friday, 3rd May 2024), rising from $0.0022 to $0.0100. During the last trading day the stock fluctuated 340.00% from a day low at $0.0025 to a day high of $0.0110. The price has risen in 5 of the last 10 days and is up by 233.33% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 5 thousand shares were bought and sold for approximately $45.36 . 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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BBIG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -71.43%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Vinco stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0080 and $0.0063. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Vinco stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0090. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0085 between high and low, or 340.00%. For the last week the stock has had daily average volatility of 233.82%.
Our recommended stop-loss: $0.0095 (-5.40%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 54 days ago.)
Trading Expectations (BBIG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vinco Ventures Inc to open at $0.0078, and during the day (based on 14 day Average True Range), to move between -$0.0009 and $0.0209, which gives a possible trading interval of +/-$0.0109 (+/-109.50%) up or down from last closing price. If Vinco Ventures Inc takes out the full calculated possible swing range there will be an estimated 218.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0110 (10.00%) than the support at $0.0090 (10.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Vinco Ventures Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.966 Buy Candidate Upgraded
Predicted Opening Price for Vinco Ventures Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0078 ( 21.67%) | $0.0100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0163 | 63.33 % | |
| R2 | 0.0131 | 30.86 % | ||
| R1 | 0.0111 | 10.80 % | ||
| Current price: | 0.0100 | |||
| Support | S1 | 0.0046 | -54.14 % | |
| S2 | 0.0026 | -74.20 % | ||
| S3 | -0.0007 | -106.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0120 | 20.00 % | ||
| R1 | 0.0110 | 10.00 % | ||
| Current price | 0.0100 | |||
| Support | S1 | 0.0090 | -10.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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