Vocodia Holdings Corp. Stock Forecast
High volatility in Vocodia Holdings Corp. stock price on Monday which ended trading at $0.143
(Updated on May 20, 2024)
The Vocodia Holdings Corp. stock price fell by -20.39% on the last day (Monday, 20th May 2024) from $0.180 to $0.143. During the last trading day the stock fluctuated 19.23% from a day low at $0.134 to a day high of $0.160. The price has fallen in 6 of the last 10 days but is still up by 3.17% over the past 2 weeks. 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 -63 million shares and in total, 31 million shares were bought and sold for approximately $4.38 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.183 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VHAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 20.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vocodia Holdings Corp. 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 $0.237. On a fall, the stock will find some support from the short-term average at $0.136. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vocodia Holdings Corp. stock
Vocodia Holdings Corp. finds support from accumulated volume at $0.139 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0258 between high and low, or 19.23%. For the last week, the stock has had daily average volatility of 35.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VHAI) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Vocodia Holdings Corp. to open at $0.146, and during the day (based on 14 day Average True Range), to move between $0.0922 and $0.194, which gives a possible trading interval of +/-$0.0511 (+/-35.63%) up or down from last closing price. If Vocodia Holdings Corp. takes out the full calculated possible swing range there will be an estimated 71.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.139 (3.07%) than the resistance at $0.161 (12.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vocodia Holdings Corp. stock A Buy?
Vocodia Holdings Corp. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.481 Sell Candidate Downgraded
Predicted Opening Price for Vocodia Holdings Corp. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.146 ( 1.77%) | $0.143 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VHAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.172 | 19.77 % | |
| R2 | 0.162 | 12.89 % | ||
| R1 | 0.156 | 8.65 % | ||
| Current price: | 0.143 | |||
| Support | S1 | 0.136 | -5.11 % | |
| S2 | 0.130 | -9.36 % | ||
| S3 | 0.120 | -16.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.169 | 17.93 % | |
| R2 | 0.164 | 14.45 % | ||
| R1 | 0.161 | 12.14 % | ||
| Current price | 0.143 | |||
| Support | S1 | 0.139 | -3.07% | |
| S2 | 0.130 | -9.28% | ||
| S3 | 0.129 | -9.98% |
FAQ
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