Vicon Industries Stock Forecast

Sell candidate since Jul 11, 2018

No changes to the price of Vicon Industries, Inc stock on the last trading day (Monday, 23rd Jul 2018). During the last trading day the stock fluctuated 0% from a day low at $0.206 to a day high of $0.206. The price has been going up and down for this period, and there has been a -26.43% loss for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.05% during the next 3 months and, with a 90% probability hold a price between $0.0990 and $0.167 at the end of this 3-month period. 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.

VII Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, July 11, 2018, and so far it has fallen -1.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vicon Industries, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.206 and $0.291. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Vicon Industries, Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 0%

Vicon Industries, Inc is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VII) For The Upcoming Trading Day Of Tuesday 24th

For the upcoming trading day on Tuesday, 24th we expect Vicon Industries, Inc to open at $0.206, and during the day (based on 14 day Average True Range), to move between $0.196 and $0.216, which gives a possible trading interval of +/-$0.0206 (+/-10.51%) up or down from last closing price. If Vicon Industries, Inc takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.210, some $0.0040 (1.94%) from the current price of $0.206, our system finds the risk reward not very attractive.

Is Vicon Industries, Inc stock A Buy?

Vicon Industries, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.920 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 24, 2018 - $0.206 ( 0%).

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