VSBLTY Groupe Technologies Corp. Stock Forecast
Big movements in VSBLTY Groupe Technologies Corp. stock price on Friday moving 19.49% between high and low
(Updated on May 03, 2024)
The VSBLTY Groupe Technologies Corp. stock price gained 10.56% on the last trading day (Friday, 3rd May 2024), rising from $0.0876 to $0.0969. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 19.49% from a day low at $0.0898 to a day high of $0.107. The price has risen in 6 of the last 10 days and is up by 15.3% 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, 35 thousand more shares were traded than the day before. In total, 291 thousand shares were bought and sold for approximately $28.23 thousand.
The stock lies in the middle of a very wide and 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 5.48% during the next 3 months and, with a 90% probability hold a price between $0.0655 and $0.237 at the end of this 3-month period.
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VSBGF Signals & Forecast
The VSBLTY Groupe Technologies Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0798 and $0.0964. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). VSBLTY Groupe Technologies Corp. 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 Tuesday, March 26, 2024, and so far it has fallen -55.98%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for VSBLTY Groupe Technologies Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0815 and $0.0750. 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, VSBLTY Groupe Technologies Corp. finds support just below today's level at $0.0815. If this is broken, then the next support from accumulated volume will be at $0.0750 and $0.0738.
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 $0.0175 between high and low, or 19.49%. For the last week, the stock has had daily average volatility of 11.69%.
Since the VSBLTY Groupe Technologies Corp. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $0.0911 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (VSBGF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect VSBLTY Groupe Technologies Corp. to open at $0.0980, and during the day (based on 14 day Average True Range), to move between $0.0842 and $0.110, which gives a possible trading interval of +/-$0.0127 (+/-13.09%) up or down from last closing price. If VSBLTY Groupe Technologies Corp. takes out the full calculated possible swing range there will be an estimated 26.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.100 (3.25%) than the support at $0.0815 (15.85%), 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 VSBLTY Groupe Technologies Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VSBLTY Groupe Technologies Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.081 Buy Candidate Upgraded
Predicted Opening Price for VSBLTY Groupe Technologies Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0980 ( 1.17%) | $0.0969 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSBGF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.115 | 19.24 % | |
| R2 | 0.109 | 12.34 % | ||
| R1 | 0.105 | 8.07 % | ||
| Current price: | 0.0969 | |||
| Support | S1 | 0.0913 | -5.73 % | |
| S2 | 0.0872 | -10.00 % | ||
| S3 | 0.0805 | -16.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.117 | 20.91 % | |
| R2 | 0.117 | 20.81 % | ||
| R1 | 0.100 | 3.25 % | ||
| Current price | 0.0969 | |||
| Support | S1 | 0.0815 | -15.85% | |
| S2 | 0.0750 | -22.56% | ||
| S3 | 0.0738 | -23.80% |
FAQ
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