Vivid Seats Inc. Stock Forecast
Vivid Seats Inc. stock price took a fall of -6.07% on Tuesday
(Updated on Apr 30, 2024)
The Vivid Seats Inc. stock price fell by -6.07% on the last day (Tuesday, 30th Apr 2024) from $5.60 to $5.26. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.29% from a day low at $5.25 to a day high of $5.58. The price has risen in 6 of the last 10 days but is still down by -4.19% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -216 thousand shares and in total, 1 million shares were bought and sold for approximately $7.55 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.07 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.24% during the next 3 months and, with a 90% probability hold a price between $4.96 and $6.03 at the end of this 3-month period.
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SEAT Signals & Forecast
There are few to no technical positive signals at the moment. The Vivid Seats 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 $5.76 and $5.73. 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 25, 2024, and so far it has fallen -11.30%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vivid Seats Inc. stock
Vivid Seats Inc. finds support from accumulated volume at $5.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.330 (6.29%) between high and low. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEAT) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Vivid Seats Inc. to open at $5.36, and during the day (based on 14 day Average True Range), to move between $5.05 and $5.47, which gives a possible trading interval of +/-$0.213 (+/-4.04%) up or down from last closing price. If Vivid Seats Inc. takes out the full calculated possible swing range there will be an estimated 8.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.35 (1.71%) than the support at $5.16 (1.90%), 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.
Earnings coming up
Vivid Seats Inc. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0500. We will update the financials statements for Vivid Seats Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.11% in the first trading day after earnings release.
Is Vivid Seats Inc. stock A Buy?
Vivid Seats Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.210 Sell Candidate Unchanged
Predicted Opening Price for Vivid Seats Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $5.36 ( 1.96%) | $5.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.69 | 8.24 % | |
| R2 | 5.57 | 5.84 % | ||
| R1 | 5.49 | 4.36 % | ||
| Current price: | 5.26 | |||
| Support | S1 | 5.24 | -0.432 % | |
| S2 | 5.16 | -1.91 % | ||
| S3 | 5.03 | -4.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.02 | 14.45 % | |
| R2 | 5.84 | 11.03 % | ||
| R1 | 5.35 | 1.71 % | ||
| Current price | 5.26 | |||
| Support | S1 | 5.16 | -1.90% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SEAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 20, 2021 | Oct 28, 2021 | Nov 02, 2021 | $0.230 | 1.77% |
FAQ
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