Vibe Bioscience Ltd. Stock Forecast
Vibe Bioscience Ltd. stock upgraded to Buy Candidate.
(Updated on May 23, 2024)
No changes to the price of Vibe Bioscience Ltd. stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0350 to a day high of $0.0350. The price has risen in 4 of the last 10 days and is up by 40% over the past 2 weeks.
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 40.13% during the next 3 months and, with a 90% probability hold a price between $0.0286 and $0.0607 at the end of this 3-month period.
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VIBE.CN Signals & Forecast
The Vibe Bioscience Ltd. 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 $0.0321 and $0.0267. 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). 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, May 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vibe Bioscience Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0300. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.00%
Our recommended stop-loss: $0.0337 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (VIBE.CN) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Vibe Bioscience Ltd. to open at $0.0350, and during the day (based on 14 day Average True Range), to move between $0.0296 and $0.0404, which gives a possible trading interval of +/-$0.0054 (+/-15.32%) up or down from last closing price. If Vibe Bioscience Ltd. takes out the full calculated possible swing range there will be an estimated 30.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0400 (14.29%) than the support at $0.0300 (14.29%), 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.
Earnings coming up
Vibe Bioscience Ltd. will release earnings BMO on Tuesday, May 28, 2024. We will update the financials statements for Vibe Bioscience Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.94% in the first trading day after earnings release.
Is Vibe Bioscience Ltd. 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 Vibe Bioscience Ltd. 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: 3.006 Buy Candidate Upgraded
Predicted Opening Price for Vibe Bioscience Ltd. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0350 ( 0%) | $0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIBE.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0350 | . | |
| R2 | 0.0350 | . | ||
| R1 | 0.0350 | . | ||
| Current price: | 0.0350 | |||
| Support | S1 | 0.0350 | . | |
| S2 | 0.0350 | . | ||
| S3 | 0.0350 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0400 | 14.29 % | ||
| Current price | 0.0350 | |||
| Support | S1 | 0.0300 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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