VEMP USD Stock Forecast
VEMP USD stock upgraded to Sell Candidate.
(Updated on Jun 29, 2024)
The VEMP USD stock price fell by -3.99% on the last day (Saturday, 29th Jun 2024) from $0.0062 to $0.0060. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.02% from a day low at $0.0060 to a day high of $0.0063. The price has fallen in 7 of the last 10 days and is down by -5.86% for this period. Volume has increased on the last day by 17 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, 200 thousand shares were bought and sold for approximately $1.20 thousand.
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 -10.88% during the next 3 months and, with a 90% probability hold a price between $0.0041 and $0.0080 at the end of this 3-month period.
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VEMPUSD Signals & Forecast
There are few to no technical positive signals at the moment. The VEMP USD 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 $0.0064 and $0.0069. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -36.78%. 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). VEMP USD 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 VEMP USD stock
VEMP USD finds support from accumulated volume at $0.0057 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0003 between high and low, or 5.02%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VEMPUSD) For The Upcoming Trading Day Of Sunday 30th
For the upcoming trading day on Sunday, 30th we expect VEMP USD to open at $0.0061, and during the day (based on 14 day Average True Range), to move between $0.0053 and $0.0067, which gives a possible trading interval of +/-$0.0007 (+/-11.21%) up or down from last closing price. If VEMP USD takes out the full calculated possible swing range there will be an estimated 22.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0062 (2.95%) than the support at $0.0057 (4.76%), 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 VEMP USD stock A Buy?
VEMP USD 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.633 Sell Candidate Upgraded
Predicted Opening Price for VEMP USD of Sunday, June 30, 2024
Fair opening price June 30, 2024 | Current price |
---|---|
$0.0061 ( 1.57%) | $0.0060 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEMPUSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0064 | 6.58% |
R2 | 0.0063 | 4.66% |
R1 | 0.0062 | 3.48% |
Price | 0.0060 | |
S1 | 0.0060 | -0.344% |
S2 | 0.0059 | -1.53% |
S3 | 0.0058 | -3.44% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0074 | 22.97% |
R2 | 0.0067 | 12.25% |
R1 | 0.0062 | 2.95% |
Price | 0.0060 | |
S1 | 0.0057 | -4.76% |
S2 | 0.0056 | -5.78% |
S3 | 0.0052 | -13.55% |
FAQ
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