Vci Global Limited Stock Forecast
High volatility in Vci Global Limited stock price on Monday which ended trading at $0.609
(Updated on Jun 24, 2024)
The Vci Global Limited stock price fell by -7.73% on the last day (Monday, 24th Jun 2024) from $0.660 to $0.609. During the last trading day the stock fluctuated 18.42% from a day low at $0.579 to a day high of $0.686. The price has fallen in 7 of the last 10 days and is down by -4.55% for this period. Volume has increased on the last day by 7 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately $4.05 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 -39.38% during the next 3 months and, with a 90% probability hold a price between $0.288 and $0.542 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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VCIG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vci Global Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.637 and $0.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -51.28%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vci Global Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.107 between high and low, or 18.42%. For the last week, the stock has had daily average volatility of 9.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VCIG) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Vci Global Limited to open at $0.625, and during the day (based on 14 day Average True Range), to move between $0.541 and $0.677, which gives a possible trading interval of +/-$0.0676 (+/-11.09%) up or down from last closing price. If Vci Global Limited takes out the full calculated possible swing range there will be an estimated 22.19% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.638, some $0.0290 (4.76%) from the current price of $0.609, our system finds the risk reward not very attractive.
Is Vci Global Limited stock A Buy?
Vci Global Limited holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.345 Strong Sell Candidate Downgraded
Predicted Opening Price for Vci Global Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.625 ( 2.58%) | $0.609 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCIG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.731 | 20.10% |
| R2 | 0.691 | 13.41% |
| R1 | 0.665 | 9.27% |
| Price | 0.609 | |
| S1 | 0.584 | -4.11% |
| S2 | 0.559 | -8.25% |
| S3 | 0.518 | -14.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.691 | 13.43% |
| R2 | 0.640 | 5.09% |
| R1 | 0.638 | 4.76% |
| Price | 0.609 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
VCIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 30, 2023 | Jul 31, 2023 | $0.0100 | 0.295% |
FAQ
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