Vivid Seats Inc. Stock Forecast
Big movements in Vivid Seats Inc. stock price on Friday moving 20.51% between high and low
(Updated on Jun 28, 2024)
The Vivid Seats Inc. stock price gained 19.97% on the last trading day (Friday, 28th Jun 2024), rising from $0.592 to $0.710. During the last trading day the stock fluctuated 20.51% from a day low at $0.637 to a day high of $0.767. The price has been going up and down for this period, and there has been a 72.12% gain 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $1.73 thousand.
Given the current short-term trend, the stock is expected to fall -42.34% during the next 3 months and, with a 90% probability hold a price between $0.154 and $0.409 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.
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SEATW Signals & Forecast
The Vivid Seats Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.551 and $0.696. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 72.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vivid Seats Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vivid Seats Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.636 and $0.626. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vivid Seats Inc. finds support just below today's level at $0.636. If this is broken, then the next support from accumulated volume will be at $0.626 and $0.601.
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 $0.131 between high and low, or 20.51%. For the last week, the stock has had daily average volatility of 4.92%.
Our recommended stop-loss: $0.683 (-3.80%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (SEATW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vivid Seats Inc. to open at $0.705, and during the day (based on 14 day Average True Range), to move between $0.605 and $0.82, which gives a possible trading interval of +/-$0.105 (+/-14.85%) up or down from last closing price. If Vivid Seats Inc. takes out the full calculated possible swing range there will be an estimated 29.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.723 (1.76%) than the support at $0.636 (10.42%), 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 Vivid Seats Inc. stock A Buy?
Vivid Seats Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vivid Seats Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.705 ( 0.742%) | $0.710 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEATW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.84 | 17.65% |
| R2 | 0.785 | 10.63% |
| R1 | 0.755 | 6.28% |
| Price | 0.710 | |
| S1 | 0.655 | -7.77% |
| S2 | 0.624 | -12.11% |
| S3 | 0.574 | -19.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.80 | 12.68% |
| R2 | 0.782 | 10.20% |
| R1 | 0.723 | 1.76% |
| Price | 0.710 | |
| S1 | 0.636 | -10.42% |
| S2 | 0.626 | -11.83% |
| S3 | 0.601 | -15.35% |
FAQ
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