Vinfast Auto Ltd. Stock Forecast

Green day on Friday for Vinfast Auto Ltd.
(Updated on Jun 28, 2024)

VFSWW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vinfast Auto 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vinfast Auto Ltd. 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 $0.507 and $0.548. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -5.66%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Vinfast Auto Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.473 and $0.470. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vinfast Auto Ltd. finds support just below today's level at $0.473. If this is broken, then the next support from accumulated volume will be at $0.470 and $0.429.

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 $0.0291 between high and low, or 5.95%. For the last week, the stock has had daily average volatility of 13.60%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VFSWW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Vinfast Auto Ltd. to open at $0.502, and during the day (based on 14 day Average True Range), to move between $0.408 and $0.592, which gives a possible trading interval of +/-$0.0916 (+/-18.32%) up or down from last closing price. If Vinfast Auto Ltd. takes out the full calculated possible swing range there will be an estimated 36.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.505 (0.98%) than the support at $0.473 (5.50%), 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 Vinfast Auto Ltd. stock A Buy?

Vinfast Auto Ltd. 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: -3.123 Sell Candidate Unchanged

Predicted Opening Price for Vinfast Auto Ltd. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.