21Vianet Group Inc Stock Forecast
Weaker technical forecast for 21Vianet Group Inc as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The 21Vianet Group Inc stock price fell by -0.86% on the last day (Friday, 26th Apr 2024) from £116.00 to £115.00. During the last trading day the stock fluctuated 1.65% from a day low at £115.00 to a day high of £116.90. The price has been going up and down for this period, and there has been a 9% gain for the last 2 weeks. 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 -40 thousand shares and in total, 22 thousand shares were bought and sold for approximately £2.57 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.18% during the next 3 months and, with a 90% probability hold a price between £98.14 and £129.37 at the end of this 3-month period.
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VNET.L Signals & Forecast
The 21Vianet Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £105.91 and £109.50. A breakdown below any of these levels will issue sell signals. 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 Tuesday, February 20, 2024, and so far it has fallen -2.95%. Further fall is indicated until a new bottom pivot has been found. 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 for 21Vianet Group Inc stock
21Vianet Group Inc finds support from accumulated volume at £113.50 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 £1.90 between high and low, or 1.65%. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: £109.09 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (VNET.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect 21Vianet Group Inc to open at £115.63, and during the day (based on 14 day Average True Range), to move between £111.69 and £118.31, which gives a possible trading interval of +/-£3.31 (+/-2.88%) up or down from last closing price. If 21Vianet Group Inc takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £116.00 (0.87%) than the support at £113.50 (1.30%), 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.
Is 21Vianet Group Inc stock A Buy?
21Vianet Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.240 Hold/Accumulate Downgraded
Predicted Opening Price for 21Vianet Group Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £115.63 ( 0.551%) | £115.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNET.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.53 | 2.20 % | |
| R2 | 116.81 | 1.57 % | ||
| R1 | 116.36 | 1.18 % | ||
| Current price: | 115.00 | |||
| Support | S1 | 114.91 | -0.0804 % | |
| S2 | 114.46 | -0.470 % | ||
| S3 | 113.73 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.50 | 3.04 % | |
| R2 | 116.50 | 1.30 % | ||
| R1 | 116.00 | 0.87 % | ||
| Current price | 115.00 | |||
| Support | S1 | 113.50 | -1.30% | |
| S2 | 101.00 | -12.17% | ||
| S3 | 87.50 | -23.91% |
VNET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2019 | Dec 19, 2019 | Feb 05, 2020 | £1.70 | 1.11% |
| 2 | Jun 04, 2019 | Jun 13, 2019 | Jul 26, 2019 | £4.00 | 3.14% |
| 3 | Dec 04, 2018 | Dec 13, 2018 | Jan 30, 2019 | £1.70 | 1.54% |
| 4 | Jun 05, 2018 | Jun 14, 2018 | Jul 27, 2018 | £4.00 | 3.52% |
| 5 | Dec 05, 2017 | Dec 14, 2017 | Jan 31, 2018 | £1.70 | 1.28% |
FAQ
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