Vietnam Hldg Ltd 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
Stronger technical forecast for Vietnam Hldg Ltd stock price after Wednesday trading.
(Updated on May 01, 2024)
No changes to the price of Vietnam Hldg Ltd stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 2.21% from a day low at £362.00 to a day high of £370.00. The price has fallen in 5 of the last 10 days and is down by -2.66% for this period.
The stock lies in the middle of a 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 3.01% during the next 3 months and, with a 90% probability hold a price between £361.80 and £395.58 at the end of this 3-month period.
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VNH.L Signals & Forecast
There are few to no technical positive signals at the moment. The Vietnam Hldg Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £372.51. On a fall, the stock will find some support from the short-term average at £365.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -4.19%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Vietnam Hldg Ltd stock
Vietnam Hldg Ltd finds support from accumulated volume at £365.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £8.00 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: £347.36 (-5.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (VNH.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Vietnam Hldg Ltd to open at £366.00, and during the day (based on 14 day Average True Range), to move between £358.90 and £373.10, which gives a possible trading interval of +/-£7.10 (+/-1.94%) up or down from last closing price. If Vietnam Hldg Ltd takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £365.00 (0.27%) than the resistance at £369.00 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vietnam Hldg Ltd stock A Buy?
Vietnam Hldg Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.853 Hold/Accumulate Upgraded
Predicted Opening Price for Vietnam Hldg Ltd of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £366.00 ( 0%) | £366.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 374.00 | 2.19 % | |
| R2 | 370.94 | 1.35 % | ||
| R1 | 369.06 | 0.83 % | ||
| Current price: | 366.00 | |||
| Support | S1 | 362.94 | -0.83 % | |
| S2 | 361.06 | -1.35 % | ||
| S3 | 358.00 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 380.00 | 3.83 % | |
| R2 | 370.00 | 1.09 % | ||
| R1 | 369.00 | 0.82 % | ||
| Current price | 366.00 | |||
| Support | S1 | 365.00 | -0.273% | |
| S2 | 364.00 | -0.546% | ||
| S3 | 362.00 | -1.09% |
FAQ
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