Viomi Technology Co., Ltd Stock Forecast
Volatile ride for Viomi Technology Co., Ltd stock price on Wednesday moving between $0.521 and $0.583
(Updated on Apr 17, 2024)
The Viomi Technology Co., Ltd stock price gained 3.29% on the last trading day (Wednesday, 17th Apr 2024), rising from $0.523 to $0.540. During the last trading day the stock fluctuated 11.90% from a day low at $0.521 to a day high of $0.583. The price has fallen in 6 of the last 10 days and is down by -3.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 63 thousand shares were bought and sold for approximately $34.27 thousand.
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 -36.60% during the next 3 months and, with a 90% probability hold a price between $0.296 and $0.445 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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VIOT Signals & Forecast
There are mixed signals in the stock today. The Viomi Technology Co., Ltd 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 $0.547 and $0.594. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.29%. 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). Viomi Technology Co., Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Viomi Technology Co., Ltd stock
Viomi Technology Co., Ltd finds support from accumulated volume at $0.530 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0620 between high and low, or 11.90%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VIOT) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Viomi Technology Co., Ltd to open at $0.548, and during the day (based on 14 day Average True Range), to move between $0.497 and $0.583, which gives a possible trading interval of +/-$0.0435 (+/-8.05%) up or down from last closing price. If Viomi Technology Co., Ltd takes out the full calculated possible swing range there will be an estimated 16.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.530 (1.78%) than the resistance at $0.580 (7.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Viomi Technology Co., Ltd stock A Buy?
Viomi Technology Co., Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.283 Sell Candidate Upgraded
Predicted Opening Price for Viomi Technology Co., Ltd of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $0.548 ( 1.48%) | $0.540 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIOT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.610 | 12.96 % | |
| R2 | 0.586 | 8.58 % | ||
| R1 | 0.572 | 5.87 % | ||
| Current price: | 0.540 | |||
| Support | S1 | 0.524 | -2.90 % | |
| S2 | 0.510 | -5.61 % | ||
| S3 | 0.486 | -10.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.648 | 19.93 % | |
| R2 | 0.630 | 16.67 % | ||
| R1 | 0.580 | 7.43 % | ||
| Current price | 0.540 | |||
| Support | S1 | 0.530 | -1.78% | |
| S2 | 0.523 | -3.19% | ||
| S3 | 0 | . |
VIOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2019 | Mar 27, 2019 | Apr 05, 2019 | $0.100 | 0.88% |
FAQ
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