Vecima Networks Inc. Stock Forecast
Red day on Friday for Vecima Networks Inc.
(Updated on May 31, 2024)
The Vecima Networks Inc. stock price fell by -2.62% on the last day (Friday, 31st May 2024) from $20.23 to $19.70. During the last trading day the stock fluctuated 2.36% from a day low at $19.70 to a day high of $20.17. The price has fallen in 6 of the last 10 days and is down by -10.45% 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 -622 shares and in total, 3 thousand shares were bought and sold for approximately $64.28 thousand.
The stock lies in the lower part of a 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 $19.50 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 8.21% during the next 3 months and, with a 90% probability hold a price between $21.10 and $25.73 at the end of this 3-month period.
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VCM.TO 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 Vecima Networks 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 $20.89 and $20.88. 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 08, 2024, and so far it has fallen -13.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vecima Networks Inc. stock
Vecima Networks Inc. finds support from accumulated volume at $19.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.465 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VCM.TO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Vecima Networks Inc. to open at $19.86, and during the day (based on 14 day Average True Range), to move between $19.12 and $20.28, which gives a possible trading interval of +/-$0.581 (+/-2.95%) up or down from last closing price. If Vecima Networks Inc. takes out the full calculated possible swing range there will be an estimated 5.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.65 (0.25%) than the resistance at $20.50 (4.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vecima Networks Inc. stock A Buy?
The Vecima Networks Inc. stock holds several negative signals and despite the positive trend, we believe Vecima Networks Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.418 Sell Candidate Unchanged
Predicted Opening Price for Vecima Networks Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $19.86 ( 0.787%) | $19.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.32 | 3.15 % | |
| R2 | 20.14 | 2.25 % | ||
| R1 | 20.03 | 1.69 % | ||
| Current price: | 19.70 | |||
| Support | S1 | 19.68 | -0.115 % | |
| S2 | 19.57 | -0.672 % | ||
| S3 | 19.39 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.32 | 13.30 % | |
| R2 | 21.53 | 9.29 % | ||
| R1 | 20.50 | 4.06 % | ||
| Current price | 19.70 | |||
| Support | S1 | 19.65 | -0.254% | |
| S2 | 18.07 | -8.27% | ||
| S3 | 17.70 | -10.15% |
VCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 17, 2024 | $0.0550 | 0.279% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Mar 18, 2024 | $0.0550 | 0.280% |
| 3 | Nov 23, 2023 | Nov 23, 2023 | Dec 18, 2023 | $0.0550 | 0.348% |
| 4 | Sep 19, 2023 | Oct 12, 2023 | Nov 06, 2023 | $0.0550 | 0.334% |
| 5 | May 25, 2023 | May 25, 2023 | Jun 19, 2023 | $0.0550 | 0.306% |
FAQ
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