S&p 500 Vix Short-term Futures Index Stock Forecast
A very red day for S&p 500 Vix Short-term Futures Index stock price after a -6.12% fall in the Friday trading session
(Updated on Jun 28, 2024)
The S&p 500 Vix Short-term Futures Index stock price fell by -6.12% on the last day (Friday, 28th Jun 2024) from £0.613 to £0.575. During the last trading day the stock fluctuated 3.85% from a day low at £0.568 to a day high of £0.590. The price has fallen in 5 of the last 10 days and is down by -11.88% for this period. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately £3.16 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 -47.86% during the next 3 months and, with a 90% probability hold a price between £0.147 and £0.411 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
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 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 £0.619 and £0.665. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -58.33%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for S&p 500 Vix Short-term Futures Index 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.0219 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: £0.545 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (VILX.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect S&p 500 Vix Short-term Futures Index (0930-1600 Est) to open at £0.578, and during the day (based on 14 day Average True Range), to move between £0.537 and £0.613, which gives a possible trading interval of +/-£0.0376 (+/-6.55%) 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 13.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £0.610, some £0.0350 (6.09%) from the current price of £0.575, our system finds the risk reward not very attractive.
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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for S&p 500 Vix Short-term Futures Index (0930-1600 Est) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £0.578 ( 0.470%) | £0.575 |
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 | 0.600 | 4.28% |
| R2 | 0.591 | 2.82% |
| R1 | 0.586 | 1.92% |
| Price | 0.575 | |
| S1 | 0.569 | -0.99% |
| S2 | 0.564 | -1.88% |
| S3 | 0.556 | -3.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.650 | 13.04% |
| R2 | 0.643 | 11.74% |
| R1 | 0.610 | 6.09% |
| Price | 0.575 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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