Velo3D, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Velo3D, Inc.
(Updated on May 08, 2024)
The Velo3D, Inc. stock price fell by -2.58% on the last day (Wednesday, 8th May 2024) from $0.229 to $0.223. During the last trading day the stock fluctuated 4.07% from a day low at $0.221 to a day high of $0.230. The price has fallen in 6 of the last 10 days and is down by -6.82% for this period. 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 -38 thousand shares and in total, 2 million shares were bought and sold for approximately $434.05 thousand.
Given the current short-term trend, the stock is expected to fall -3.72% during the next 3 months and, with a 90% probability hold a price between $0.214 and $0.547 at the end of this 3-month period.
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VLD 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 Velo3D, 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 $0.238 and $0.358. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -61.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Velo3D, 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.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0090 between high and low, or 4.07%. For the last week the stock has had daily average volatility of 9.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VLD) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Velo3D, Inc. to open at $0.225, and during the day (based on 14 day Average True Range), to move between $0.181 and $0.264, which gives a possible trading interval of +/-$0.0411 (+/-18.48%) up or down from last closing price. If Velo3D, Inc. takes out the full calculated possible swing range there will be an estimated 36.95% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.230, some $0.0074 (3.32%) from the current price of $0.223, our system finds the risk reward not very attractive.
Is Velo3D, Inc. stock A Buy?
Velo3D, 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: -5.044 Strong Sell Candidate Unchanged
Predicted Opening Price for Velo3D, Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $0.225 ( 0.87%) | $0.223 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.234 | 4.91 % | |
| R2 | 0.230 | 3.37 % | ||
| R1 | 0.228 | 2.41 % | ||
| Current price: | 0.223 | |||
| Support | S1 | 0.221 | -0.676 % | |
| S2 | 0.219 | -1.63 % | ||
| S3 | 0.216 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.252 | 13.30 % | |
| R2 | 0.250 | 12.31 % | ||
| R1 | 0.230 | 3.32 % | ||
| Current price | 0.223 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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