Volpara Health Technologies Limited Stock Forecast
Red day on Thursday for Volpara Health Technologies Limited
(Updated on Mar 28, 2024)
No changes to the price of Volpara Health Technologies Limited stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0.442% from a day low at $1.13 to a day high of $1.14. The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks.
The stock lies in the upper part of a narrow and weak rising 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 $1.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.29% during the next 3 months and, with a 90% probability hold a price between $1.15 and $1.16 at the end of this 3-month period.
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VHT.AX Signals & Forecast
The Volpara Health Technologies 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 $1.13 and $1.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Wednesday, March 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Volpara Health Technologies Limited stock
Volpara Health Technologies Limited finds support from accumulated volume at $1.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0050 between high and low, or 0.442%. For the last week the stock has had daily average volatility of 0.389%.
Our recommended stop-loss: $1.09 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VHT.AX) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Volpara Health Technologies Limited to open at $1.13, and during the day (based on 14 day Average True Range), to move between $1.13 and $1.14, which gives a possible trading interval of +/-$0.0063 (+/-0.55%) up or down from last closing price. If Volpara Health Technologies Limited takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.13, some $0.0050 (0.44%) from the current price of $1.14, our system finds the risk reward attractive.
Is Volpara Health Technologies 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 Volpara Health Technologies Limited stock to perform well in the short-term.
Current score: 1.609 Buy Candidate Unchanged
Predicted Opening Price for Volpara Health Technologies Limited of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
$1.13 ( 0.147%) | $1.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VHT.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.14 | 0.294 % | |
R2 | 1.14 | 0.125 % | ||
R1 | 1.14 | 0.0214 % | ||
Current price: | 1.14 | |||
Support | S1 | 1.13 | -0.315 % | |
S2 | 1.13 | -0.419 % | ||
S3 | 1.13 | -0.587 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1.14 | |||
Support | S1 | 1.13 | -0.441% | |
S2 | 1.12 | -1.32% | ||
S3 | 1.12 | -1.76% |
FAQ
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