Twin Vee Powercats Co. Stock Forecast
Big movements in Twin Vee Powercats Co. stock price on Thursday moving 20.85% between high and low
(Updated on Mar 28, 2024)
The Twin Vee Powercats Co. stock price fell by -17.30% on the last day (Thursday, 28th Mar 2024) from $1.04 to $0.86. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 20.85% from a day low at $0.84 to a day high of $1.02. The price has fallen in 7 of the last 10 days and is down by -23.21% for this period. Volume has increased on the last day by 14 thousand 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, 89 thousand shares were bought and sold for approximately $76.75 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($1.00) are considered to be a "second chance" to get out. According to the fan-theory $0.682 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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VEEE Signals & Forecast
There are few to no technical positive signals at the moment. The Twin Vee Powercats Co. 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 $1.11 and $1.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -30.07%. 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). Twin Vee Powercats Co. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Twin Vee Powercats Co. 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.176 between high and low, or 20.85%. For the last week, the stock has had daily average volatility of 9.08%.
Twin Vee Powercats Co. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VEEE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Twin Vee Powercats Co. to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.774 and $0.95, which gives a possible trading interval of +/-$0.0860 (+/-10.00%) up or down from last closing price. If Twin Vee Powercats Co. takes out the full calculated possible swing range there will be an estimated 20.01% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.04, some $0.180 (20.92%) from the current price of $0.86, our system finds the risk reward not very attractive.
Is Twin Vee Powercats Co. stock A Buy?
Twin Vee Powercats Co. 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.
Current score: -8.625 Strong Sell Candidate Unchanged
Predicted Opening Price for Twin Vee Powercats Co. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.91 ( 5.57%) | $0.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEEE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.08 | 26.04 % | |
R2 | 1.02 | 18.22 % | ||
R1 | 0.98 | 13.39 % | ||
Current price: | 0.86 | |||
Support | S1 | 0.84 | -2.24 % | |
S2 | 0.799 | -7.07 % | ||
S3 | 0.732 | -14.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 1.04 | 20.92 % | ||
Current price | 0.86 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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