Vintage Energy Ltd Stock Forecast
Big movements in Vintage Energy Ltd stock price on Wednesday moving 11.11% between high and low
(Updated on Jul 03, 2024)
The Vintage Energy Ltd stock price gained 11.11% on the last trading day (Wednesday, 3rd Jul 2024), rising from $0.0090 to $0.0100. During the last trading day the stock fluctuated 11.11% from a day low at $0.0090 to a day high of $0.0100. The price has been going up and down for this period, and there has been a 0% change 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, 472 thousand more shares were traded than the day before. In total, 638 thousand shares were bought and sold for approximately $6.38 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 -10.00% during the next 3 months and, with a 90% probability hold a price between $0.0079 and $0.0113 at the end of this 3-month period.
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VEN.AX Signals & Forecast
There are mixed signals in the stock today. The Vintage Energy Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0105. On a fall, the stock will find some support from the short-term average at $0.0091. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen 0%. 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). Vintage Energy Ltd 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 Vintage Energy Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0090. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 $0.0010 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VEN.AX) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Vintage Energy Ltd to open at $0.0097, and during the day (based on 14 day Average True Range), to move between $0.0093 and $0.0107, which gives a possible trading interval of +/-$0.0007 (+/-6.90%) up or down from last closing price. If Vintage Energy Ltd takes out the full calculated possible swing range there will be an estimated 13.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0110 (10.00%) than the support at $0.0090 (10.00%), 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 Vintage Energy Ltd stock A Buy?
Vintage Energy Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.527 Sell Candidate Unchanged
Predicted Opening Price for Vintage Energy Ltd of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
$0.0097 ( 3.33%) | $0.0100 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEN.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0107 | 6.67% |
R2 | 0.0103 | 2.85% |
R1 | 0.0100 | 0.487% |
Price | 0.0100 | |
S1 | 0.0093 | -7.15% |
S2 | 0.0090 | -9.51% |
S3 | 0.0087 | -13.33% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.0120 | 20.00% |
R1 | 0.0110 | 10.00% |
Price | 0.0100 | |
S1 | 0.0090 | -10.00% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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