VNUE, Inc. Stock Forecast
Big movements in VNUE, Inc. stock price on Friday moving 25.00% between high and low
(Updated on May 17, 2024)
The VNUE, Inc. stock price gained 11.11% on the last trading day (Friday, 17th May 2024), rising from $0.0009 to $0.0010. During the last trading day the stock fluctuated 25.00% from a day low at $0.0008 to a day high of $0.0010. The price has fallen in 4 of the last 10 days but is still up by 6.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 880 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $1.97 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VNUE, Inc. stock with a 90% probability to be traded between $0.0007 and $0.0012 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VNUE Signals & Forecast
The VNUE, 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 $0.0009 and $0.0009. A breakdown below any of these levels will issue sell signals. VNUE, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 01, 2024, and so far it has fallen -16.67%. 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).
Support, Risk & Stop-loss for VNUE, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0009 and $0.0009. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, VNUE, Inc. finds support just below today's level at $0.0009. If this is broken, then the next support from accumulated volume will be at $0.0009 and $0.0008.
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 $0.0002 between high and low, or 25.00%. For the last week, the stock has had daily average volatility of 19.58%.
Our recommended stop-loss: $0.0009 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (VNUE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect VNUE, Inc. to open at $0.0009, and during the day (based on 14 day Average True Range), to move between $0.0009 and $0.0011, which gives a possible trading interval of +/-$0.0001 (+/-14.25%) up or down from last closing price. If VNUE, Inc. takes out the full calculated possible swing range there will be an estimated 28.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0011 (5.00%) than the support at $0.0009 (10.00%), 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 VNUE, Inc. stock A Buy?
VNUE, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.448 Hold/Accumulate Upgraded
Predicted Opening Price for VNUE, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0009 ( 6.67%) | $0.0010 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNUE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0011 | 13.33 % | |
| R2 | 0.0011 | 5.69 % | ||
| R1 | 0.0010 | 0.97 % | ||
| Current price: | 0.0010 | |||
| Support | S1 | 0.0009 | -14.31 % | |
| S2 | 0.0008 | -19.03 % | ||
| S3 | 0.0007 | -26.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0012 | 20.00 % | |
| R2 | 0.0011 | 10.00 % | ||
| R1 | 0.0011 | 5.00 % | ||
| Current price | 0.0010 | |||
| Support | S1 | 0.0009 | -10.00% | |
| S2 | 0.0009 | -15.00% | ||
| S3 | 0.0008 | -20.00% |
FAQ
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