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Weaker Stock
Today VNET ranks #13262 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$11.07 (-5.38%)

Volume: 2M

Closed: Nov 26, 2021

Hollow Logo Score: -7.125

21Vianet Group Stock Forecast

$11.07 (-5.38%)

Volume: 2M

Closed: Nov 26, 2021

Score Hollow Logo -7.125
Which way will VNET go? Request
Key Stats
Beta 1.54
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 26 and the stock is currently not being overbought or oversold

21Vianet Group stock price took a fall of -5.38% on Friday
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-17 Loss -32.29%

The 21Vianet Group stock price fell by -5.38% on the last day (Friday, 26th Nov 2021) from $11.70 to $11.07. and has now fallen 4 days in a row. During the day the stock fluctuated 9.23% from a day low at $10.51 to a day high of $11.48. The price has fallen in 8 of the last 10 days and is down by -36.05% 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 -1 million shares and in total, 2 million shares were bought and sold for approximately $19.37 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($12.93) are considered to be a "second chance" to get out. According to the fan-theory $8.75 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The 21Vianet Group 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 $13.27 and $16.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 12, 2021, and so far it has fallen -38.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.97 between high and low, or 9.23%. For the last week, the stock has had a daily average volatility of 12.31%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is 21Vianet Group stock A Buy?

21Vianet Group 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: -7.125

Predicted Opening Price for 21Vianet Group of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$11.02 $11.07 (Overvalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

On Nov 22, 2021 "HSBC" gave "$17.40" rating for VNET. The price target was set to $13.36+3.0%.

Volatility and Risk
Daily Average Volatility: 12.31 %
Overall Risk: Very High High Medium Low Very Low
Volatility
12.31 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $11.70
Price: $11.07
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.99 8.31 %
11.62 4.96 %
11.39 2.90 %
Current price: 11.07
Support 10.65 -3.80 %
10.42 -5.87 %
10.05 -9.21 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.97 17.16 %
11.99 8.31 %
11.70 5.69 %
Current price 11.07
Support 0 .
0 .
0 .

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About 21Vianet Group

21Vianet Group, Inc. provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People’s Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services. Its hosting and related service... Read more

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