21Vianet Group Inc Stock Forecast
Green day on Thursday for 21Vianet Group Inc
(Updated on May 02, 2024)
The 21Vianet Group Inc stock price gained 0.85% on the last trading day (Thursday, 2nd May 2024), rising from £117.50 to £118.50. During the last trading day the stock fluctuated 1.27% from a day low at £118.50 to a day high of £120.00. The price has risen in 4 of the last 10 days and is up by 16.86% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 14 thousand shares were bought and sold for approximately £1.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising 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 £120.61 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.18% during the next 3 months and, with a 90% probability hold a price between £103.51 and £123.23 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £115.93 and £109.98. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, April 30, 2024, and so far it has fallen -1.66%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for 21Vianet Group Inc stock
21Vianet Group Inc finds support from accumulated volume at £116.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £1.50 between high and low, or 1.27%. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: £114.14 (-3.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VNET.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect 21Vianet Group Inc to open at £119.00, and during the day (based on 14 day Average True Range), to move between £115.24 and £121.76, which gives a possible trading interval of +/-£3.26 (+/-2.75%) up or down from last closing price. If 21Vianet Group Inc takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £120.50 (1.69%) than the support at £116.00 (2.11%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 21Vianet Group Inc stock to perform well in the short-term.
Current score: 2.805 Buy Candidate Unchanged
Predicted Opening Price for 21Vianet Group Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £119.00 ( 0.422%) | £118.50 |
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 | 120.50 | 1.69 % | |
| R2 | 119.93 | 1.20 % | ||
| R1 | 119.57 | 0.91 % | ||
| Current price: | 118.50 | |||
| Support | S1 | 118.43 | -0.0616 % | |
| S2 | 118.07 | -0.360 % | ||
| S3 | 117.50 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 120.50 | 1.69 % | ||
| Current price | 118.50 | |||
| Support | S1 | 116.00 | -2.11% | |
| S2 | 115.00 | -2.95% | ||
| S3 | 101.00 | -14.77% |
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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