Vmoto Limited Stock Forecast
Vmoto Limited stock price down 0% on Tuesday
(Updated on May 21, 2024)
No changes to the price of Vmoto Limited stock on the last trading day (Tuesday, 21st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.135 to a day high of $0.135. The price has risen in 4 of the last 10 days and is up by 12.5% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.139 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.96% during the next 3 months and, with a 90% probability hold a price between $0.0988 and $0.124 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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VMT.AX Signals & Forecast
The Vmoto Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.136. On a fall, the stock will find some support from the long-term average at approximately $0.132. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.57%. Further fall is indicated until a new bottom pivot has been found. 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 Vmoto Limited stock
Vmoto Limited finds support from accumulated volume at $0.130 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, but be aware of low or falling volume as this increases the risk. 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 5.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VMT.AX) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Vmoto Limited to open at $0.135, and during the day (based on 14 day Average True Range), to move between $0.127 and $0.143, which gives a possible trading interval of +/-$0.0078 (+/-5.80%) up or down from last closing price. If Vmoto Limited takes out the full calculated possible swing range there will be an estimated 11.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.140 (3.70%) than the support at $0.130 (3.70%), 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.
Earnings coming up
Vmoto Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Vmoto Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.99% in the first trading day after earnings release.
Is Vmoto Limited stock A Buy?
Vmoto Limited 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: -2.274 Sell Candidate Unchanged
Predicted Opening Price for Vmoto Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $0.135 ( 0%) | $0.135 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VMT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.135 | . | |
| R2 | 0.135 | . | ||
| R1 | 0.135 | . | ||
| Current price: | 0.135 | |||
| Support | S1 | 0.135 | . | |
| S2 | 0.135 | . | ||
| S3 | 0.135 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.150 | 11.11 % | |
| R2 | 0.145 | 7.41 % | ||
| R1 | 0.140 | 3.70 % | ||
| Current price | 0.135 | |||
| Support | S1 | 0.130 | -3.70% | |
| S2 | 0.120 | -11.11% | ||
| S3 | 0.115 | -14.81% |
FAQ
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