S&p 500 Vix Short-term Futures Index Stock Forecast
Red day on Tuesday for S&p 500 Vix Short-term Futures Index stock after losing 0.402%
(Updated on Jun 25, 2024)
The S&p 500 Vix Short-term Futures Index stock price fell by -0.402% on the last day (Tuesday, 25th Jun 2024) from £0.623 to £0.620. During the last trading day the stock fluctuated 2.34% from a day low at £0.620 to a day high of £0.635. The price has been going up and down for this period, and there has been a -1.59% loss for the last 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 -32 million shares and in total, 5 million shares were bought and sold for approximately £2.90 million.
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 -43.58% during the next 3 months and, with a 90% probability hold a price between £0.275 and £0.489 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.
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VILX.L Signals & Forecast
There are mixed signals in the stock today. The S&p 500 Vix Short-term Futures Index 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 £0.628 and £0.687. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 5.53%. 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).
Support, Risk & Stop-loss for S&p 500 Vix Short-term Futures Index stock
S&p 500 Vix Short-term Futures Index finds support from accumulated volume at £0.610 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.0145 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VILX.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect S&p 500 Vix Short-term Futures Index (0930-1600 Est) to open at £0.625, and during the day (based on 14 day Average True Range), to move between £0.579 and £0.661, which gives a possible trading interval of +/-£0.0408 (+/-6.59%) up or down from last closing price. If S&p 500 Vix Short-term Futures Index (0930-1600 Est) takes out the full calculated possible swing range there will be an estimated 13.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.623 (0.40%) than the support at £0.610 (1.61%), 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 S&p 500 Vix Short-term Futures Index (0930-1600 Est) stock A Buy?
S&p 500 Vix Short-term Futures Index 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.
Current score: -2.381 Sell Candidate Unchanged
Predicted Opening Price for S&p 500 Vix Short-term Futures Index (0930-1600 Est) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £0.625 ( 0.780%) | £0.620 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VILX.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.639 | 3.12% |
| R2 | 0.634 | 2.22% |
| R1 | 0.630 | 1.67% |
| Price | 0.620 | |
| S1 | 0.619 | -0.114% |
| S2 | 0.616 | -0.666% |
| S3 | 0.610 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.650 | 4.84% |
| R2 | 0.643 | 3.63% |
| R1 | 0.623 | 0.403% |
| Price | 0.620 | |
| S1 | 0.610 | -1.61% |
| S2 | 0.588 | -5.24% |
| S3 | 0 | - |
FAQ
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