Vista Group International Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Vista Group International Limited stock price took a fall of -5.05% on Thursday
(Updated on Jun 27, 2024)
The Vista Group International Limited stock price fell by -5.05% on the last day (Thursday, 27th Jun 2024) from $2.18 to $2.07. During the last trading day the stock fluctuated 6.37% from a day low at $2.04 to a day high of $2.17. The price has fallen in 6 of the last 10 days and is down by -0.48% for this period. Volume has increased on the last day by 1 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, 4 thousand shares were bought and sold for approximately $7.54 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 22.60% during the next 3 months and, with a 90% probability hold a price between $2.24 and $2.84 at the end of this 3-month period.
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VGL.AX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -8.00%. 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). Vista Group International Limited 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. The Vista Group International Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.06 and $1.93. A breakdown below any of these levels will issue sell signals.
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 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 $0.130 between high and low, or 6.37%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: $1.97 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (VGL.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Vista Group International Limited to open at $2.09, and during the day (based on 14 day Average True Range), to move between $1.99 and $2.15, which gives a possible trading interval of +/-$0.0768 (+/-3.71%) 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 7.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.10 (1.45%) than the support at $1.97 (4.83%), 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?
Vista Group International Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.751 Hold/Accumulate Downgraded
Predicted Opening Price for Vista Group International Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $2.09 ( 1.13%) | $2.07 |
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 | 2.22 | 7.41% |
| R2 | 2.17 | 5.01% |
| R1 | 2.14 | 3.53% |
| Price | 2.07 | |
| S1 | 2.04 | -1.27% |
| S2 | 2.01 | -2.75% |
| S3 | 1.96 | -5.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.15 | 3.86% |
| R2 | 2.11 | 1.93% |
| R1 | 2.10 | 1.45% |
| Price | 2.07 | |
| S1 | 1.97 | -4.83% |
| S2 | 1.81 | -12.80% |
| S3 | 1.77 | -14.49% |
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% |
FAQ
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