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$7.31 (-5.06%)

Volume: 7M

Closed: Jan 21, 2022

Hollow Logo Score: -7.505

Vroom, Inc. Stock Forecast

$7.31 (-5.06%)

Volume: 7M

Closed: Jan 21, 2022

Score Hollow Logo -7.505
Which way will VRM go? Request
Key Stats
Beta 1.98
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] The Vroom, Inc. stock currently holds an RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

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: -7.505

Strong 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
$7.27 $7.31 (Overvalued)

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Analyst Ratings

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%.

Volatility and Risk
Daily Average Volatility: 10.02 %
Overall Risk: Very High High Medium Low Very Low
Volatility
10.02 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.36
Price: $7.31
No Support Found

VRM Insider Trading Show all Trades

INSIDER POWER

-92.792

Last 100 transactions
Buy: 983 785 | Sell: 42 778 535 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

-92.792

Last 100 transactions
Buy: 983 785 | Sell: 42 778 535 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.94 8.57 %
7.68 5.07 %
7.52 2.91 %
Current price: 7.31
Support 7.01 -4.09 %
6.85 -6.26 %
6.60 -9.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.02 9.71 %
7.70 5.34 %
7.36 0.68 %
Current price 7.31
Support 0 .
0 .
0 .

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