Very red day for Vroom, Inc. stock price after -5.06% fall in Friday trading session
(Updated on Jan 21, 2022)
Sell candidate since 2021-11-11 Loss -60.68% PDF
The Vroom, Inc. stock price fell by -5.06% on the last day (Friday, 21st Jan 2022) from $7.70 to $7.31. During the day the stock fluctuated 9.70% from a day low at $6.91 to a day high of $7.58. The price has fallen in 7 of the last 10 days and is down by -24.09% for this period. 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 -334 thousand shares and in total, 7 million shares were bought and sold for approximately $50.81 million.
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 -59.69% during the next 3 months and, with a 90% probability hold a price between $2.04 and $3.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
There are few to no technical positive signals at the moment. The Vroom, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.99 and $10.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, January 03, 2022, and so far it has fallen -34.56%. 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 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.67 between high and low, or 9.70%. For the last week, the stock has had a daily average volatility of 10.02%.
Vroom, Inc. is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Vroom, Inc. stock A Buy?
Vroom, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.505Strong Sell Candidate Downgraded
Insiders are very negative selling more shares than they are buying in Vroom, Inc.
In the last 100 trades there were 983.79 thousand shares bought and 42.78 million shares sold. The last trade was done 19 days ago by Shortt Thomas H who bough 261.46 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
Predicted Opening Price for Vroom, Inc. of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
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On Dec 07, 2021 "JPMorgan Chase & Co." gave "$30.00 - $15.00" rating for VRM. The price target was set to $13.71+1.5%.
VRM Insider Trading
|Jan 03, 2022||Buy||261 461||Shortt Thomas H||Common Stock|
|Dec 15, 2021||Sell||24 500||Stott Carol Denise||Common Stock|
|Sep 30, 2021||Buy||81 559||Krakowiak Robert R.||Common Stock|
|Sep 15, 2021||Buy||15 000||Stott Carol Denise||Stock Option|
|Sep 15, 2021||Sell||15 000||Stott Carol Denise||Common Stock|
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