Viper Networks, Inc. Stock Forecast
High volatility in Viper Networks, Inc. stock price on Tuesday which ended trading at $0.0004
(Updated on May 07, 2024)
The Viper Networks, Inc. stock price gained 16.67% on the last trading day (Tuesday, 7th May 2024), rising from $0.0003 to $0.0004. During the last trading day the stock fluctuated 16.67% from a day low at $0.0003 to a day high of $0.0004. The price has been going up and down for this period, and there has been a -12.5% loss for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 54 thousand shares were bought and sold for approximately $18.94 . 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with a 90% probability hold a price between $0.0003 and $0.0005 at the end of this 3-month period.
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VPER Signals & Forecast
There are mixed signals in the stock today. The Viper Networks, Inc. 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 $0.0004. On a fall, the stock will find some support from the short-term average at $0.0003. 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 Friday, May 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Monday, April 29, 2024 and based on theory for this formation the price should go up by 23.81% to $0.0004 within 3 trading days since signal was issued (Wednesday, May 08, 2024).
Support, Risk & Stop-loss for Viper Networks, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.00005 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 30.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VPER) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Viper Networks, Inc. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-31.76%) up or down from last closing price. If Viper Networks, Inc. takes out the full calculated possible swing range there will be an estimated 63.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0004 (14.29%) than the support at $0.0003 (14.29%), 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 Viper Networks, Inc. stock A Buy?
Viper Networks, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.370 Sell Candidate Upgraded
Predicted Opening Price for Viper Networks, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0003 ( 4.76%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VPER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 9.52 % | |
| R2 | 0.0004 | 4.07 % | ||
| R1 | 0.0004 | 0.695 % | ||
| Current price: | 0.0004 | |||
| Support | S1 | 0.0003 | -10.22 % | |
| S2 | 0.0003 | -13.59 % | ||
| S3 | 0.0003 | -19.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0004 | 14.29 % | ||
| Current price | 0.0004 | |||
| Support | S1 | 0.0003 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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