Vista Group International Limited Stock Forecast
Vista Group International Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Vista Group International Limited stock price fell by -0.493% on the last day (Friday, 21st Jun 2024) from $2.03 to $2.02. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 4.48% from a day low at $2.01 to a day high of $2.10. The price has fallen in 6 of the last 10 days and is down by -3.81% 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 -3 thousand shares and in total, 7 thousand shares were bought and sold for approximately $14.96 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.36% during the next 3 months and, with a 90% probability hold a price between $2.07 and $2.67 at the end of this 3-month period.
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VGL.AX Signals & Forecast
The Vista Group International Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.10. On a fall, the stock will find some support from the long-term average at approximately $1.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -10.22%. 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). 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 Vista Group International Limited stock
Vista Group International Limited finds support from accumulated volume at $1.97 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 4.48%. For the last week the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: $1.90 (-6.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (VGL.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vista Group International Limited to open at $2.04, and during the day (based on 14 day Average True Range), to move between $1.94 and $2.10, which gives a possible trading interval of +/-$0.0754 (+/-3.73%) up or down from last closing price. If Vista Group International Limited takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.07 (2.48%) than the support at $1.97 (2.48%), 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 Vista Group International Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vista Group International Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.313 Buy Candidate Upgraded
Predicted Opening Price for Vista Group International Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $2.04 ( 1.16%) | $2.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.13 | 5.61% |
| R2 | 2.10 | 3.91% |
| R1 | 2.08 | 2.86% |
| Price | 2.02 | |
| S1 | 2.01 | -0.547% |
| S2 | 1.99 | -1.60% |
| S3 | 1.95 | -3.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.11 | 4.46% |
| R2 | 2.10 | 3.96% |
| R1 | 2.07 | 2.48% |
| Price | 2.02 | |
| S1 | 1.97 | -2.48% |
| S2 | 1.81 | -10.64% |
| S3 | 1.77 | -12.38% |
VGL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2020 | Mar 12, 2020 | Mar 12, 2020 | $0.0171 | 0.746% |
| 2 | Aug 29, 2019 | Sep 12, 2019 | Sep 27, 2019 | $0.0090 | 0.258% |
| 3 | Feb 26, 2019 | Mar 08, 2019 | Mar 22, 2019 | $0.0164 | 0.376% |
| 4 | Aug 29, 2018 | Sep 12, 2018 | Sep 27, 2018 | $0.0119 | 0.380% |
| 5 | Feb 28, 2018 | Mar 09, 2018 | Mar 23, 2018 | $0.0132 | 0.514% |
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